Business Plan Template – business plan development
1.
Type and name of business – retail, wholesale, or commercial, etc.
Seasonal or not and what are the hours of operation.
2.
Legal entity: sole proprietorship/partnership/joint venture etc.
Complete mailing address of owner/operator.
Phone number/cell number
Owner’s full name(s)
3.
Location and land description of head office (applicant’s residence)
4.
Historical background of owner – experience/training – resume
If employed/contractor – please attach a letter of confirmation from employer.
5.
Start-up costs involved – itemize in detail and obtain quotes from vendor if
applicable. Eg. Equipment requirement
a.
b.
c.
d.
Quote from a dealership – no private dealers
Liability Insurance for one year – Western Financial - Wanda
Auto Insurance if applicable
Office supplies if applicable
6.
What services and/or products offered and how you are different from similar
competition. (Uniqueness) What is your selling price and what is it going to cost
you. List incoming revenue from product or services on a monthly basis (first
month only) Explain how the calculations (by the product/service or by
customers?) Show in detail how you plan to generate revenue – when, who,
where, what & why. You need to convince the board of directors that this is a
viable business.
7.
List Projected Monthly Expenditures of business – list your expenses per month
(how much and why)
a.
b.
c.
d.
e.
f.
Wages for employee(s)
Telephone
Wage Benefits – 5% of wages
Repairs/Maintenance – 10 % of revenue
Travel or Fuel Costs – 20 % of revenue
Landscaping – maintenance upkeep
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8.
Letter of commitment (if applicable) – you need to bring in a letter from a
potential employer that will hire your truck once you purchase one. The letter
should state the following:
a. Work schedule
b. Payment cycle – monthly or twice per month, etc.
c. What you need to purchase – safety gear, h2s monitor etc.
d. Safety Tickets required
e. Is fuel covered and deducted from your paycheque
f. Is Insurance covered or do you purchase own insurance?
g. Approximate revenue to be generated per month.
Personal Interview is required – when business plan is complete, you will be called in for
a review and consultation with Economic Development Officer.
Upon completion, the Business Plan is forwarded to Board of Directors or a financial
institution for a review depending loan requirements.
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BUSINESS PLAN OUTLINE
EXECUTIVE SUMMARY: Brief background information on owner and their
experience in this field that are pursuing as a start-up business.
OBJECTIVES: - List at least three objectives
MISSION:
Two sentence summary of your overall mission in this business.
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COMPANY SUMMARY:
Where it will be located (land location) and why.
COMPANY OWNERSHIP:
Who are the owners and is it a proprietorship, partnership, or corporation etc.
START-UP SUMMARY:
What do you need to purchase before you open your doors for business.
Itemize the costs and from where. If possible, please attach quotes from suppliers.
4
COMPANY LOCATION AND FACILITY
Exact location and physical size of business and building requirement (if applicable)
PRODUCTS/SERVICES:
What are you selling and to whom
5
MARKET ANALYSIS SUMMARY:
Who is your target market and why.
MARKET SEGMENTATION:
How do you distinguish your target market: commercial/residential, population
demographics, age groups, etc.
6
SERVICE BUSINESS ANALYSIS:
Not applicable
COMPETITION AND BUYING PATTERNS:
What makes you unique from your competitors.
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STRATEGY AND IMPLEMENTATION SUMMARY:
How do you plan to succeed? What specialties do you propose?
COMPETITIVE EDGE:
Who are you competitors and how do you plan to over-come them. What makes your
business unique?
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SALES STRATEGY:
What is your selling prices and how is it different from the competitor. How do you plan
to attract your customers? What are your hours of operations and days open (if
applicable)
SALES FORECAST:
How do your derive your selling price and what you plan to sell per month. – itemize
what you will be doing. (show calculations)
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MARKETING STRATEGY:
How do you plan to promote your business and services.
PERSONNEL PLAN:
Who are your personnel (if applicable). What experience and training do they have that
will benefit your business. – Please attach resumes’.
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FINANCIAL PLAN:
Where do you plan to send your application and why. Do you have 10% equity of the
total cost required. Example for OLDBC.: $10,000.00 project costs x 10% =
$1,000.00 What alternative arrangements do you have if you do not have the required
equity? Eg. Collateral in lieu of loan amount with serial numbers. Please note that all
applications going to Saskatchewan Indian Equity Foundation require 20% equity
(personal contribution)
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