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Index
Cover Copyright Table of Contents ACKNOWLEDGMENTS FOREWORD PREFACE THE POWER OF A BANKABLE BUSINESS PLAN
WHAT A BANKABLE BUSINESS PLAN IS AND HOW IT CAN HELP YOU START A SUCCESSFUL ENTERPRISE Bankable Business Plans Serve A Specific Purpose Your Business Plan Is An Extension Of You Entrepreneurship Is A Team Sport
THE TEN ESSENTIAL ACTION STEPS
DEFINE YOUR COMPANY WHAT WILL YOU ACCOMPLISH FOR OTHERS ... AND YOURSELF? What Will Your Business Accomplish For Your Customers? What Will Your Business Accomplish For Your Investors? What Will Your Business Accomplish For Your Lenders? What Will Your Business Accomplish For Your Suppliers? What Will Your Business Accomplish For Your Employees? Last, And Perhaps Least, What Will Your Business Accomplish For You?
IDENTIFY YOUR COMPANY’S INITIAL NEEDS
WHAT WILL YOU REQUIRE TO GET STARTED? The Major Expenses
CHOOSE A WINNING STRATEGY
WHAT WILL DISTINGUISH YOUR PRODUCT OR SERVICE FROM YOUR COMPETITION? Create A Powerful Competitive Advantage Use A SWOT Analysis To Determine The Competitive Advantage Of An Existing Business Plan Ahead: Anticipate An Exit Strategy Match Your Strategies To Any Type Of Industry Emerging Industries Maturing Industries Stagnant and Declining Industries Fragmented Industries Industries with Dominant Leaders The Best Strategies for Competing with Dominant Leaders
ANALYZE YOUR MARKET
WHO WILL WANT YOUR PRODUCT OR SERVICE? 1. Research Your Potential Market Thoroughly Target Your Market Like A Bull’s-Eye Test Before You Launch
DEVELOP A STRONG MARKETING CAMPAIGN
HOW WILL YOU REACH YOUR CUSTOMERS AND WHAT WILL YOU SAY TO THEM? The Four Ps Product Price Place Promotion
BUILD A DYNAMIC SALES EFFORT
HOW WILL YOU ATTRACT CUSTOMERS? Get An Order Today—Or Yesterday Make Sales A Priority For Everyone Never Delegate Yourself Completely Out Of Sales Create The Right Ethical Environment Be Highly Organized Compensate Based On Long-term Performance Your Sales Force Can Be Your Competitive Advantage
DESIGN YOUR COMPANY
HOW WILL YOU HIRE AND ORGANIZE YOUR WORKFORCE? Structuring Your Company PRODUCT ORGANIZATION GEOGRAPHICAL ORGANIZATION FUNCTIONAL ORGANIZATION MATRIX ORGANIZATION HYBRID ORGANIZATION Means Of Control Human Resource Management Legal Structures Matching The Legal Structure With Your Investors Franchises
TARGET YOUR FUNDING SOURCES
WHERE WILL YOU FIND FINANCING? Potential Sources Of Financing How Banks Decide On Loans
EXPLAIN YOUR FINANCIAL DATA
HOW WILL YOU CONVINCE OTHERS TO INVEST IN YOUR ENDEAVOUR? The Essential Financial Statements The Six Key Financial Assumptions How To Create Statements
Essential Financial Statements For Lightning Larry’s, Inc. USE THE RMA DATA
CHECK YOUR ANSWERS AGAINST THE ANSWER KEY Working With The RMA Data The Answer Key Revealed It Really Is That Simple
PUTTING IT INTO ACTION
WHAT A BUSINESS PLAN SHOULD LOOK LIKE The Physical Qualities The Actual Layout Have Outsiders Read It How Long Should It Take Me?
HOW TO CREATE A TIME LINE
The Primary Components Examples Of Time Lines
DEMONSTRATE THAT YOU CAN MANAGE CONTRADICTIONS
Keep It Simple ... Yet Detailed Focus On Growth ... Even In Mature Industries Reassure Investors ... Even With Competition All Around Commit To Your Plan ... But Be Willing To Pursue Other Good Opportunities
PRESENT YOURSELF IN THE BEST LIGHT
The Text Of Your Business Plan Your Résumé
MAKE A GREAT IN-PERSON PRESENTATION
Context Content Code
OUTLINES AND A SAMPLE BUSINESS PLAN
Outline For A Simple Business Plan Outline For A Complex Business Plan
S & J Advertising Resources Back Cover Material Index
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