Do you Have Home Business Plans?

Business Plan Template

Five important tips before you start!

1. The business plan should tell a compelling story about your business, explaining who, what, when, where, how and why.

2. Your plan should be focused and clear. It is not about the number of pages or style of the cover.

3. The plan should define specific business objectives and goals with general parameters to guide the organization.

4. Writing a business plan should force logic and discipline into a business.

5. A good business plan is a living document. It should be updated regularly.

Business Description and Vision

This section should include:

  • Mission statement (business purpose).
  • Company vision (statement about company growth).
  • Business goals and objectives.
  • Brief history of the business.
  • List of key company principals.
  • After reviewing this section the reader should know:

  • Who the business is and what it stands for.

  • Your perception of the company’s growth & potential.

  • Specific goals and objectives of the business.

  • Background information about the company.

  • Definition of the Market

  • This section should:

    • Describe your business industry and outlook.
    • Define the critical needs of your perceived or existing market.
    • Identify your target market.
    • Provide a general profile of your targeted clients.
    • Describe what share of the market you currently have and/or anticipate.
    After reviewing this section the reader should know:

    • Basic information about the industry you operate in and the customer needs you are fulfilling.
    • The scope and share of your business market, as well as who your target customers are.

    Description of Products and Services

    This section should:

  • Specifically describe all of your products and services.

  • Explain how your products and services are competitive.

  • If applicable, reference a picture or brochure of your products, which would be included in the plan’s appendix.

  • After reviewing this section the reader should know:

  • Why you are in business.

  • What your products and services are and how much they sell for.

  • How and why your products & services are competitive.

  • Organization and Management

    This section should:

    • Provide a description of how your company is organized as well as an organization chart, if available.
    • Describe the legal structure of your business (proprietorship, partnership, corporation, etc.).
    • Identify necessary or special licenses and/or permits your business operates with.
    • Provide a brief bio description of key managers within the company.
    After reviewing this section the reader should know:

    • The legal form of ownership for your business.
    • Who the leaders are in your business as well as their roles.
    • The general flow of operations within the firm.

    Marketing and Sales Strategy

    This section should:

  • Identify and describe your market – who your customers are and what the demand is for your products & services.

  • Describe your channels of distribution.

  • Explain your sales strategy, specific to pricing, promotion, products and place (4Ps).

  • After reviewing this section the reader should know:

  • Who your market is and how you will reach it.

  • How your company will apply pricing, promotion, product diversification and channel distribution to sell your products and services competitively.

  • Financial Management

    This section should include:

  • For a New Business

  • Estimate of start-up costs.

  • Projected balance sheet (1 year forward).

  • Projected income statement (1 year forward).

  • Projected cash flow statement (12 months forward).

  • For an Existing Business

  • Balance sheets (last 3 years).

  • Income statements (last 3 years).

  • Cash flow statement (12 months).

  • If Applying for a Loan (in addition to the above)

  • Current personal financial statement on each principal.

  • Federal tax return for prior year.

  • After reviewing this section the reader should:

    • Have a good understanding regarding the financial capacity and/or projections for your company.

    Generate Business Plan

  • You are now ready to generate your Business Plan.

  • #######################################################################Getting Up Is A Choice  By Zig ZiglarVirtually all of us have experienced the phenomenon of watching a movie and laughing and, on occasion, even crying.  The tears and laughter were not brought about because somebody put something in the theater seats, but rather by something shown on the screen which entered your mind, affected your emotions and produced the tears or laughter.The exciting thing is that there is something you can do about your emotions, whether you are “up” or “down,” and the choice is yours. Most people who are “up” don’t want to do anything to get “down,” but, surprisingly enough, according to a study done at Ohio State University, everyone who is “down,” does not necessarily want to get “up.”  Maybe there is some truth in the old saw that “misery loves company,” or that some people enjoy having “pity parties.”  At least they seem unwilling to take positive actions to cure the “doom and gloom” feeling which they have.The question is, why would some people elect not to change their gloomy state of mind?  A follow-up study revealed the answer to that question.  It has to do with self-esteem.  Those who felt good about themselves even when they were in a foul mood felt they deserved to feel better and took positive action to accomplish that objective.  Those with poor self-esteem had a tendency to maintain that foul mood by pursuing their negative thinking, which produced the feeling.One fast cure for overcoming gloomy feelings is offered by the Menninger Clinic in Topeka, Kansas.  Many years ago, Dr. Karl Menninger stated that when we are down, if we will seek out someone else who has a problem and get involved in helping them solve theirs, we quickly forget our own.  So the solution is simple.  When you’re in a blue mood, help someone else solve their problem.  Both of you will feel better, which means I can see both of you AT THE TOP! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$Happy Tuesday!Thanks for helping make Lightyear Wireless one of the FASTEST growing companies in the Network Marketing and Wireless Industries! Please take a few moments to review our company updates below. We have a lot of great information to SHARE with you today that will help you explode your Lightyear Wireless Business! Update: Wireless in the NEWS today Study: More people using cell phones for real-time info”Click on this link http://content.usatoday.com/communities/technologylive/post/2012/05/study-more-people-using-cell-phones-for-real-time-info/1#.T6kPBMX64ek to read a terrific article. “Roughly 70% of Cellphone owners have used their devices in the last month to gather real-time information such as traffic alerts or look up sports scores, a new study finds”.——- Think about HOW BIG the wireless industry is growing and Lightyear Wireless PAYS YOU!    Update:      May Promotions

  • Earn your Website Free for FREE: Every Lightyear Wireless Representative who earns FREE Wireless Service in May and has 3 personally sponsored Representatives who also earn FREE Service in May will get their website fee for FREE ($49.99 value)! That means you can earn FREE wireless service and get your website for FREE! Click on this link http://www.mylightyear.com/pdf/You+3EqualsFreeWebsite.pdfto download our promotional flyer with all the details and share it with everyone you know in May!
  • 10 EXTRA Days for FREE:
  • Every New Lightyear Wireless Customer who orders our Unlimited Plan and ports (transfers) their existing phone number to Lightyear Wireless during the month of May will receive 10 EXTRA Days of service for FREE! Click on this link http://www.mylightyear.com/pdf/Extra10dMay.pdfto download our promotional flyer with all the details and share it with everyone you know in May!
  • Phone Blowout Discount Sale: Every phone Lightyear Wireless offers is on SALE in May for every customer who ports (transfers) their existing phone number to Lightyear Wireless and orders our Unlimited Plan! Visit your Lightyear Wireless Website http://bcdeck.lightyearwireless.com TODAY and click on the Phones Tab to view our phones and pricing available with No Contract! We have a phone for EVERYONE! Android Smartphone’s, Camera Phones, Texting Phones, Flip Phones and more.
  • Update: Prospecting Tools

  • www.whylightyear.com: Visit www.whylightyear.comto view and listen ONLINE to a LIVE Company Overview Presentation every Monday, Tuesday, Wednesday and Thursday Night at 10 p.m. Eastern, 9 p.m. Central, 8 p.m. Mountain, 7 p.m. Pacific, 4 p.m. Hawaii Time. You can also call 1.877.313.2651 and enter pass code 3359756# to listen over the phone.
  • www.facebook.com/lightyearwireless: Are you using Facebook? If so, visit www.facebook.com/lightyearwirelessand LIKE our Fan Page!
  • http://bcdeck.mylightyear.net: Visit http://bcdeck.mylightyear.net to view YOUR personal Lightyear Wireless Prospecting Website designed to help you SHARE Lightyear Wireless with prospects. They can learn about our Company, Products, Compensation Plan and more! It’s fantastic!
  • Lightyear Wireless 2 Minute Sizzle Line: Call 1.507.726.3882 to listen to our 2 Minute Sizzle Line. Use this short message to find out if your prospect is interested in learning more!
  • Lightyear Wireless Magazines and Promotional DVD: Click on this link https://www.livehuddle.com/event/client.php?event_id=691e13497to watch a short 4 minute training video on how to order Magazines and the power of using this fantastic tool to promote your Lightyear Wireless Business.
  • Lightyear Wireless Business Cards: Click on this link http://esource.docu-source.com/cgi/esclient.pl to order Business Cards with Lightyear Wireless!
  • Update: Customer Gathering Tools

  • www.whylightyearphones.com: Visit www.whylightyearphones.comto view some terrific short videos highlighting a few of our most popular phones. The videos are amazing!
  • www.lightyearupdates.com: Visit www.lightyearupdates.comto learn more about Lightyear Wireless Service and how it compares to other Wireless Companies.
  • http://bcdeck.lightyearwireless.com: Visit http://bcdeck.lightyearwireless.com to view YOUR personal Lightyear Wireless Website. Customers can view your phones, plans, coverage map and enroll online, or call 1.866.737.5825 to order over the phone.
  • Update: Business Management and Training Tools

  • www.command.mylightyear.com: Every Lightyear Wireless Representative has their very own MyLightyear Business Building Back Office called the Command Center. Visit www.command.mylightyear.com TODAY and enter your Login: bcdeck and Password: ?mwpm58? to login.
  • Click on this link https://www.livehuddle.com/event/index.php?event_id=470d46673to watch a short training on HOW to use your incredible Command Center.
  • Reps.lightyear.net: Every Lightyear Wireless Representative has their very own Lightyear Wireless Business Management Back Office called the Commissions Back Office. Visit reps.lightyear.net and login to view your Customers, Representatives, Checks and more online daily! Click on this link https://www.livehuddle.com/event/index.php?event_id=e9b646672 to watch a short training on HOW to use your incredible Commissions Back Office.
  • Update: Lightyear Wireless Corporate LIVE Local Business Presentation and Training EventsIf you or someone you know lives anywhere near one of these locations, join us for a LIVE Lightyear Wireless Company Overview and Training Presentation. The events are FREE to attend and everyone is invited!ARE YOU READY TO GET STARTED NOW!!Join NOW! http://doesyourwirelesspayyou.com

    Advertisements

    About lywirelessrepnc

    Just a country boy trying to help (those who want to pay their college tuition or student loans) by sharing how to get unlimited wireless service with the bonus of free service and cash flow. I will help all my associates be better marketing and social media users.
    This entry was posted in Uncategorized and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

    Leave a Reply

    Please log in using one of these methods to post your comment:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s