Developing a Business Plan

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Developing a Business Plan

• Presented by

Funded by USDA Rural Business Cooperative
Service and Tennessee State University
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Business Plan

• GOAL
• Entrepreneurs will learn to write a business plan

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Writing A Business Plan
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Business Plan Components

• Idea
• Market
• Competition
• Resources

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Business Plan Components

• Regulations
• Marketing Plan
• Location
• Employees

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Components Of A Business Plan

• Management
• Financial Plan

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Business Plan Outline

• The Business and Industry
• Introduction and Summary
• Product and Services
• Market

• Marketing Program
• Operation

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Business Plan Outline

• Management
• Risks and Critical Problems
• Financial Projections
• Loans and Financing

• Time Schedule
• Exhibits

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Capital and Financing

• What is Capital?

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Sources of Capital Financing

• Personal Savings
• Friends and Relatives
• Banks, Savings and Loans, and Credit Loans
• Commercial Finance Companies
• Government Programs

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Sources of Capital Financing
Getting a Loan The Five Cs of Credit

• 1. Character
• 2. Capacity
• 3. Capital
• 4. Collateral
• 5. Conditions

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Conclusion