Business Plan For
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Business Plan for
………………………………………………………………… Contents
Overview of Business Proposal...... 3
Estimate of Personal Worth...... 4
Survival Income...... 5
BUSINESS PLAN...... 6
Nature of Business...... 6
Resume of Owners/Managers...... 6
Short and Medium Term Objectives...... 7
Market...... 7
Premises, equipment and vehicle requirements...... 8
Start Up Costs...... 9
Investment Required...... 10
Sources of Finance...... 11 Overview of Business Proposal Estimate of Personal Worth
If you intend to borrow money to fund the start up of your business you will have to give details of your assets. This will enable the lender to gauge your ability to repay any funds lent by them to you.
£ Property Value of house
Value of other property
Savings/Insurance Surrender value of insurance policies
Cash in bank/on deposit
Other Assets Value of car(s)
Other assets
Total Assets
Liabilities Outstanding mortgage
Regular payments
Other outstanding loans
Bills currently due for payment
Total Current Liabilities
Estimated Net Assets (Total assets less total liabilities) Survival Income
Use the form below to work out how much you and your family need to survive in the next 12 months.
£ per annum Estimated Expenditure Mortgage/Rent Rates and water rates Gas, electricity & oil All personal & property insurance Food, general housekeeping expenses Clothing Telephone Hire charges (tv, video, etc.) Entertainment, (meals and drinks) Subscriptions to associations, journals etc., Car – tax and insurance Car – running expenses Car – service and maintenance Childrens’ expenditure and presents Savings plans HP repayments Other (please state
Contingencies Sub-Total (a) Expenditure
Estimated Income Income from family/partner (total) Other income (please state)
Sub-Total (b) Income
Total Survival Income Required in the Year i.e. (a) – (b) BUSINESS PLAN
Nature of Business a) Details of trading activities. b) Date of commencement c) Expected date of commencement (new business only) d) Business type (i.e. sole trader, partnership, limited company).
Resume of Owners/Managers a) Short personal and business background including age, family commitment, qualifications, skills and experience (attach your CV).
b) Are you employed at present and what is your position? (New business only.)
c) Specialist training courses required. Short and Medium Term Objectives
What do you/your business hope to achieve over the next one to three years?
Market a) Describe the market you aim to trade in
b) Detail your product/service. c) Details of current competitors d) What makes you different from your competitors?
e) Describe how you plan to sell and promote your product/service.
f) Who are likely to be your major customers, and what indications have you got that they will buy from you?
g) What knowledge and experience have you of the industry you propose to enter? Premises, equipment and vehicle requirements
Premises
Details of premises, freehold or leasehold, including internal floor space area, cost of annual rent or estimated cost or estimated rental and loan finance.
Plant and fittings
Details of present plant and fittings including estimated value and hire/lease purchase commitments.
Vehicles
Details of present vehicles including estimated value and hire purchase commitments. Start Up Costs
How much and on what will you have to spend in order to get started. Investment Required
Finance required for capital investment in premises, eg legal costs, surveys, alterations, architects’ fees etc.
Finance required for working capital (ie cash to tide you over in the early months of the business)
Finance required for equipment
Type and make of New/ Install Carriage equipment Second Price Charge Charge VAT Total hand Sources of Finance
Own Resources ...... £ ______
Bank ...... £ ______
Other Private Sector ...... £ ______
Loan/Investment ...... £ ______
Grant ...... £ ______
Other Public Sector (Local Authority, Enterprise Allowance, etc.) ...... £ ______
Total £ ______
Any Other Source (specify) £ ______
Total Finance Required £