<p> Business Plan for</p><p>………………………………………………………………… Contents</p><p>Overview of Business Proposal...... 3</p><p>Estimate of Personal Worth...... 4</p><p>Survival Income...... 5</p><p>BUSINESS PLAN...... 6</p><p>Nature of Business...... 6</p><p>Resume of Owners/Managers...... 6</p><p>Short and Medium Term Objectives...... 7</p><p>Market...... 7</p><p>Premises, equipment and vehicle requirements...... 8</p><p>Start Up Costs...... 9</p><p>Investment Required...... 10</p><p>Sources of Finance...... 11 Overview of Business Proposal Estimate of Personal Worth</p><p>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.</p><p>£ Property Value of house</p><p>Value of other property</p><p>Savings/Insurance Surrender value of insurance policies</p><p>Cash in bank/on deposit</p><p>Other Assets Value of car(s)</p><p>Other assets</p><p>Total Assets</p><p>Liabilities Outstanding mortgage</p><p>Regular payments</p><p>Other outstanding loans</p><p>Bills currently due for payment</p><p>Total Current Liabilities</p><p>Estimated Net Assets (Total assets less total liabilities) Survival Income</p><p>Use the form below to work out how much you and your family need to survive in the next 12 months.</p><p>£ 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</p><p>Contingencies Sub-Total (a) Expenditure</p><p>Estimated Income Income from family/partner (total) Other income (please state)</p><p>Sub-Total (b) Income</p><p>Total Survival Income Required in the Year i.e. (a) – (b) BUSINESS PLAN</p><p>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).</p><p>Resume of Owners/Managers a) Short personal and business background including age, family commitment, qualifications, skills and experience (attach your CV).</p><p> b) Are you employed at present and what is your position? (New business only.)</p><p> c) Specialist training courses required. Short and Medium Term Objectives</p><p>What do you/your business hope to achieve over the next one to three years?</p><p>Market a) Describe the market you aim to trade in</p><p> b) Detail your product/service. c) Details of current competitors d) What makes you different from your competitors?</p><p> e) Describe how you plan to sell and promote your product/service.</p><p> f) Who are likely to be your major customers, and what indications have you got that they will buy from you?</p><p> g) What knowledge and experience have you of the industry you propose to enter? Premises, equipment and vehicle requirements</p><p>Premises</p><p>Details of premises, freehold or leasehold, including internal floor space area, cost of annual rent or estimated cost or estimated rental and loan finance.</p><p>Plant and fittings</p><p>Details of present plant and fittings including estimated value and hire/lease purchase commitments.</p><p>Vehicles</p><p>Details of present vehicles including estimated value and hire purchase commitments. Start Up Costs</p><p>How much and on what will you have to spend in order to get started. Investment Required</p><p>Finance required for capital investment in premises, eg legal costs, surveys, alterations, architects’ fees etc. </p><p>Finance required for working capital (ie cash to tide you over in the early months of the business)</p><p>Finance required for equipment </p><p>Type and make of New/ Install Carriage equipment Second Price Charge Charge VAT Total hand Sources of Finance</p><p>Own Resources ...... £ ______</p><p>Bank ...... £ ______</p><p>Other Private Sector ...... £ ______</p><p>Loan/Investment ...... £ ______</p><p>Grant ...... £ ______</p><p>Other Public Sector (Local Authority, Enterprise Allowance, etc.) ...... £ ______</p><p>Total £ ______</p><p>Any Other Source (specify) £ ______</p><p>Total Finance Required £</p>