business analytics resume
Business plans, which primarily serve to introduce the company to outsiders, differ in format and presentation from a business plan that has been developed as a management tool. While it would be beneficial for the company and its management to set the goals, objectives, strategies, and action plans set out at the end of this chapter, outsiders who are not only familiar with the company but may also be familiar with the industry and products different approach presentation focusing on the sale of the reader about the characteristics of the company. A strictly internal use plan is more aimed at setting specific, measurable performance goals and assigns responsibility for achieving those goals.
The business plan document is often the first risk an investor has for a company looking for funding, often even before talking to the entrepreneur or holding a meeting. A poorly prepared plan, as it leaves a critical “first impression” on the company, may be one reason for an investor to decline the investment and not take the time to request further information. While we all hear stories about deals being scratched on the back of an envelope, the truth is after a brief meeting between a savvy entrepreneur and a multi-millionaire: no business plan equals no capital.
The business plan template below can be used for an established business or for a start-up. Obviously, a start-up may not have a historical background or financial information from previous years. There may also be some gaps in management.
YOUR BUSINESS PLAN
Below is an overview of each segment of a business plan that has been developed for presentation to potential investors or lenders.
ECONOMY AND INDUSTRY
PROFILE OF BUSINESS
Management, operation, production and facilities
Strengths, weaknesses, risks and opportunities
STRUCTURE OF THE TRANSACTION
About the authors Brian Hill and Dee Power have authored several nonfiction books, including “Business Plan Basics,” “Inside Secrets to Venture Capital,” and “Attracting Capital from Angels,” John Wiley & Sons.