A full business plan involves numerous sections that convey the strategy of the business. A business plan should include comprehensive market research and detailed marketing, operational, financial, and growth strategy. A significant amount of the planning is the financial plan, which should typically be on a 5 year basis and planned on a monthly or quarterly basis. The following are a few basic questions that you should answer upon starting a business plan:
- Who does the Company need to target in order to maximize opportunities for revenue?
- What are the short- and long-term objectives of the Company?
- What operating costs are critical to the start-up of your particular venture?
- How is your business going to market to its target audience?
Capital West Advisors recognizes the importance of having a well-defined road map to your company’s success and has developed several hundred business plans for clients, of which approximately 25% have successfully secured financing. Capital West Advisors assigns a Managing Director and Associate to co-develop the business plan narrative. A 2nd Managing Director develops the financial plan. Capital West Advisors develops comprehensive business plans and financial plans at very competitive prices.