General
Examples of Office Supples, Equipment and Furnishings
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Do you need office supplies and how much will each supply cost you?
How the Income Statement appears in the Business Plan
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1. - THE FORECASTED INCOME STATEMENT
Forming a Partnership verus a sole proprietor or Corporation
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PARTNERSHIP
The second legal business form is known as a partnership. As you might suspect, a partnership is a legal business entity that has two or more owners. Similar to a sole proprietorship, a partnership's business name must be registered at your state/provincial government office, unless the business name consists of each partner's name (applies in most jurisdictions). The cost to register a partnership hovers between $100 - $200 (accounting & legal fees not included).
The Complete Financial Section of the Business Plan with Examples
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FINANCIAL SECTION OF YOUR BUSINESS PLAN
The Financial Section, in many cases, is the most scrutinized section of your business plan. In short, it provides details on how potentially profitable the business will be, how much debt and equity capital is required for the business venture, when debts are scheduled to be repaid to investors, your financial statement forecasts, and the assumptions made when creating your financial projections.
Creating a Table of Contents for a Business Plan
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Table of Contents of Your Business Plan
The table of contents identifies the "titles" of each section within your business plan. This allows the reader easy and fast access to major sections and subsections through page numbering.
The structure of the table of contents varies depending upon the business venture. The following "Main Headings", however, are generally identified:
Creating a Forecasted Cash Flow Statement using Examples
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3. FORECASTED CASH FLOW STATEMENTS
Geographic Segmentation and segmenting the market
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GEOGRAPHIC SEGMENTATION VARIABLES:
Geographic Segmentation is used to identify specific regions, city size, and densities.
What region(s) will your customer reside? What is the City Size of these regions and how many people are in your target market? Will you focus your marketing efforts only in urban areas, suburban areas or rural areas? Below depicts examples of Geographic Segmentation Variables? Which Variables apply to your particular product/business/customer?
Demographic Segmentation and the important variables
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DEMOGRAPHIC SEGMENTATION VARIABLES:
Demographic Segmentation Variables are most often used to develop a customer profile. Demographic Segmentation divides the market into groups based upon variables such as age, sex, family size, income, education and so on. Below depicts examples of Demographic Segmentation Variables. Which Variables apply to your particular product/business/customer?
Forming a Sole Proprietor verus a Corporation or Partnership
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SOLE PROPRIETORSHIP
A sole proprietorship is the simplest legal business form of the three. A sole proprietorship, as the name implies, is a business structure that has only ONE owner. There is no distinction between the business assets and the owner of the operation. Moreover, if a sole proprietorship (the business) cannot pay its bills, creditors can sue the owner and take claim of his or her personal assets. In other words, the owner has unlimited liability; beyond the extent of his/her personal investment into the sole proprietorship.