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[H1766]How To Write A Business Thank You

by Mario Churchill, Mar

Now that you have decided to leave your work with a company, you now decide to put up your own business. Having your own business is a dream come true for most people. It is where they can be more independent and it is also where they can be their own boss. Whatever kind of business you plan on starting, you have to remember that the most important thing you need is money.

If you don't have enough money to start your own business, you will really want help from financial institutions, such as a bank to assist you financially in getting your business started. Venture capitalists are also one of the people you want to turn to if you want that capital you need to start your own business.

However, these people will not give you the money and let you go on and start your own business. They need to be sure that your business will succeed in order to get their money or investment back. This is why it is very important for you to convince them to invest in your business or lend you that money.

To do this, you will need a business plan. A business plan is an essential document when starting your own business; you need a business plan even if you don't need to borrow money from venture capitalists or the bank.

However, if you need to borrow money for capital to start your own business, then a business plan is the most important thing that you will rely on. A business plan will basically tell the investors how you plan on operating your business and is also an assurance that they will get their money back.

But, many people keep on asking the same questions over and over again. They always ask "How do I write a Business Plan?"

Writing a business plan can be very simple if you stick to the basics. Here is how you can write an effective business plan that will surely get you that capital you need to start a business:

-Executive Summary Section - This section will explain a brief explanation about your business. Remember that this is a summary, so keep it brief, to the point and most important of all, clear.

-The Business Section - This is where you will put your planned business name, the address, and a detailed description of what your business is all about. Make it easy to read and don't include a lot of technical terms. In other words, you should never assume that the reader has the same technical know-how about your business.

-The Market Analysis Section - This section will basically show your marketing plan. This will include all about your target customers, the trends in the industry, your pricing and packaging plan, and also your company's policy.

-The Financing Section - In this part of the business plan, you will mention all the different aspects about your business's estimated financial status. You will include an accurate amount of money you need to start the business, how much of your own money you are willing to invest and also how you will be able to repay the debt to your loan.

-The Management Section - This will show the outline of your company's organization. You have to include the legal structure of your business, whether it is a corporation, a partnership or a limited liability corporation.

As you can see, it will answer most of the questions that people will ask you when you ask for their money. You should make a business plan as thorough as possible and also as brief as possible.

A business plan is in essence a creative writing project. You want the business plan to be an interesting read, not a long boring discussion. You have to put on your marketing hat and make your company's future sound exciting. How to write a business plan is a challenge for any entrepreneur. Here are a few tips to keep in mind.

Write your plan in a style that fits your industry and your management team.

The plan for a sports bar company would sound much different than a plan for a bank. Make your plan sound like you; put some of your personality and philosophy in the plan, so after reading the plan an investor or lender would feel as though he/she knows you.

Be enthusiastic.
When you talk to entrepreneurs about their company, they usually get so enthusiastic that they almost wear you out. Then you get their business plan and it reads like the operations manual that came with your VCR. The purpose of the plan is to create excitement in the minds of the investors, in other words to activate the area of their brains devoted to greed.

Avoid getting mired in technical jargon.
Internet companies, medical companies and computer companies all tend to dwell on minute details about their technology and don't adequately develop the business reasons why they are going to make money for themselves and the investors.

A CD-ROM can't replace a mind.
More and more entrepreneurs are relying on business plan writing software. These products are sometimes helpful in formatting the plan and creating the financial schedules, but they can't formulate your strategies for you. The heart of the is explaining how you are going to sell more of your product or service than your competitors, and operate your business at high enough profit margins to generate a superior rate of return for investors.

The CD-ROM you might purchase has no idea how to do any of this. It's spent nearly all of its life on a shelf, in a box.

A Solid Presentation Is Key

Does the plan include a title page with your company name, a person's name and the address and phone numbers? Don't just clip a business card to the front page, it could get separated.

Has your plan been proofed and spell checked? And by a real person, not just your word processor?

Did you check all abbreviations or acronyms to make sure the first time they're used they're explained, ie., World Wide Web (www)?

Have you gone through the plan to make sure all technical terms are explained?

Are the pages numbered?

Do the page numbers for the index match the actual page numbers?

Have you edited the plan to see what you can include in the Appendix rather than in the body of the business plan?

Has someone unfamiliar with your company read the plan and understood it?

Is your executive summary limited to no more than 3 pages?

Have you had someone unfamiliar with your company read just the executive summary and understand your company?

Are your margins at least one inch wide on each side, top and bottom?

Is your font size at least 11, preferably 12?

If you are using a word processing system which allows color graphics, have you changed the color graphics to grayscale for printing? Or will you be printing the business plan in color?

Have you checked to make sure you didn't use too many fonts and font sizes?

Have you taken advantage of bullet points, shading, indents, and borders to add visual interest to your business plan? (Just don't go overboard.)

Is the use of your page titles and headings consistent in format throughout the business plan?

You can print your business plan on both sides of the paper, just make sure it's printed on quality paper so that the printing doesn't bleed through to the other side.

If you are using duplicating or copying services to print your business plans, is the quality nearly perfect?

Article Source : How Does Plan B Work

About Author

Both Mario Churchill & Dee Power are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Mario Churchill has sinced written about articles on various topics from Credit Cards, Anger Control and Credit Cards. Mario Churchill is a freelance author and has written over 200 articles on various subjects. For more information on or. Mario Churchill's top article generates over 246000 views. to your Favourites.

Dee Power has sinced written about articles on various topics from Credit Cards, Sales and Negotiation and Business Plan. Do you know what should be included in your business plan? Go to Dee Power has written several nonfiction books. Dee Power's top article generates over 450000 views. to your Favourites.