Quote:
Originally posted by galleryseek
so i was informed for my online fitness service that i should write up a formal business plan... this is something i have no experience of doing.. but, the guy told me it consists basically of 8 different sections:
1) table of contents
2) executive summary
3) market strategies
4) competitive analysis
5) design and development
6) operations and management plan
7) financial components
8) cash flow statement, planning out 12 months of finances on Excel
for those of you who know about this type of shit, does that look about right?
and are there any other specifics i should know about before trying to research this shit. thanks.
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If you are trying to raise money your best bet is to have 2 things
1) Executive summary
2) Detailed business plan
the Executive summary should be about 3 - 5 pages and be to the poiunt on what you plan on doing, how much money you will need, how much money it can make, who you are, how you will get customners, and who will you compete with.
The business plan should be all of the above but way more detail.
First hand the Executive summary to a potential investor, include your card if they are interested then give them a book.