Jan 14

Preparing a Business Plan Part 6

BRINGING IT ALL TOGETHER!

Now that you have the bulk of your plan made, it is time to put it all together.  Here is a list to get your plan ready to take to your potential investors (perhaps your teacher will invest a high mark in your business plan).

·        First you will need to create a “cover sheet” for your plan.  This should include: The name of the company, name of owner(s) and there addresses/phone number, as well as the date.  It CAN include a logo, letterhead, or a picture representing yourself or your company.

·        Next write a “cover letter” IN CORRECT BUSINESS FORMAT.  The letter should briefly describe the business (type of ownership, service based/product based etc) and its potential for PROFIT.  If you need to borrow money, you must state how much money you need to borrow in the cover letter. 

·        Now it is time for the “executive summary”.  This is where you write a summary of what is in your business plan. You may be a bit repetitive in the cover letter and executive summary but the executive summary is more in depth. Where it is located, how big etc.  There is a sample executive summary on page 120 in your textbook. 

·        Before you put your plan all together, go through parts 1-4 and make any changes necessary.  (look at the written comments from the teacher or ask for help).  When you are satisfied that all is well, reprint each of the assignments. 

·        Now you need a Table of Contents listing all of the pages and information that is in the business plan.  (The cover sheet is page 1, include the table of contents as a page)

·        Now you are ready to put it all together.  The best way is to use a portfolio or a duo tang with a clear cover.  If you do not have one.  You may staple it together and put it in some kind of plastic cover.  (Remember proper business stapling!)

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GOOD JOB!!! You’re ready to take your business plan to Mr. Southwell or your investors!!

DUE FRIDAY NEXT FRIDAY!!  No lates will be accepted.