Step 2. Develop the Business Plan
As you decide your business structure, start to develop a business plan. A business plan defines your business goals and serves as your company's resume.
The basic parts include an executive summary, a current and pro forma balance sheet, market plan and strategy, an income statement, and a cash flow analysis. Banking institutions look to this business plan to provide specific and organized information about your company including how you plan to repay any borrowed money. Before loaning capital, investors will also require your resume, copy of lease, articles of incorporation, maps, floor plans, market survey results, and marketing material enclosed in the plan.
This document contains answers to the following questions:
Do I need a Business Plan?
What is in a Business Plan?
Where do I consult with a Professional Counselor for Free?
Where do I take a Business Planning Class?
Small Business Assistance Center, City Hall, Room 110, 1 Dr. Carlton B. Goodlett Place, San Francisco, CA 94102
Phone: 415-554-6134 Office Hours: M-F, 8 AM - 5 PM