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A plan is only worth the results it delivers. A business plan is like a steering – it helps you to steer your business in the right direction. However, in order for you to be able to get somewhere, only a steering might not be enough. It must be attached to a vehicle that has an engine, gas, wheels, brakes, seats, lights and all other necessary parts required to make it functional. Then, the vehicle must also have a driver who is knowledgeable, able, willing and committed to steer it in the right direction.

There can be many types of business plans including:

Startup Business Plans

Strategic Business Plans

Annual Business Plans

Divisional Business Plans

Business Plans to Support Loan Applications

A good business plan is a plan that enables a business define quantifiable long-tern business goals and near-term business objectives, analyze its competitive advantages and unique selling propositions, devise strategic and operational tactics, create work, responsibility and resource break-down structures, establish baselines for time and money and measure performance by comparing actuals against baselines.

Business planners agree that an important part of business planning is cash flow planning. Liquidity and cash flow serve as bloodlines to a business. Having the cash to finance its operations gives a business the ability to perform and, eventually turn a profit. History has seem many profitable businesses go under because they did not have the necessary cash flow to carry on. It's a must for every business recognize its industry norms, calculate its operations costs, chart them against potential revenues and prepare for any challenging times.

Practicality and ease of implementation is another very important part of a good business plan. Every line of strategy mentioned in a business plan should have 10 corresponding lines for its effective implementation. Every desired strategy must be expanded to identify tasks. All tasks must have a start and finish date. Every task must be assigned to an individual in the organization and carry a budget required for its execution. small Business, small business consulting, small business consultant, small business consultants, small business consulting firm, small business consulting firms, startup consulting, startup consultant

A plan is only worth the results it delivers

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Sample Business Plan

Business plans vary in nature and format according to the need of the business.

However, a business plan for an audience of potential investors, partners, financial institutions, buyers, sellers or management professionals should have a few basic parts. To see a sample business plan for a consulting firm Click here

You can choose from two professional yet economic Business Plan Packages:

Startup Business Plan

If you have decided to start a business and do not plan to get outside funding, this plan is for you. It includes a business summary, mission statement, objectives, product or service description, market and competitive analysis, operational strategy, marketing strategy and a break even analysis.

Comprehensive Business Plan

If you intend to pursue outside investment or bank funding, this plan is recommended fro you. The Comprehensive Business Plan includes all features of the Startup Business Plan, plus an executive summary, management expertise, team profile, company background, monthly financial projections for the 1st year and annual projections for the 2nd and 3rd year.

It is my personal experience as an entrepreneur that investors do not invest in fancy business plans - they invest in you and your entrepreneurial commitment to your business concept.

Aftab Qureshi

Westknight Communications