Expanding or Establishing your Business in the United States: When applying for a business investment visa EB5, E-1 or E-2expanding or starting a business in the United States through an L-1 visa a business plan can be critical.
Brown et al, This assignment focusses on the role of the business plan in acquiring capital from the investors for its start-ups or expansion and also the limitations when securing those funds.
Business plan is a blueprint of any business giving a detailed outline of business concept, business opportunity, competitive landscape, key to success and people who are or will be involved.
Therefore it acts as an important sales tool which can be used to borrow money or gather support to launch a new product or service.
Kuratko and Hodgetts An entrepreneur, when having any idea of a business ,are afraid of writing the business plan fearing for the future. But a well documented plan provides unlimited benefits. Arkebauer, It helps to define the in-depth analysis of the business and the strategies of how to venture with that business in the current market.
A plan written on paper not only helps in identifying the potential problem areas but also helps in working out the solutions without interfacing the real world consequences.
It also helps in communicating goals throughout the organization. If proper strategies are implemented then owners or the managers can use it as benchmark to assess the goals they have achieved and also to improve the areas of weakness.
Hence it should not be limited to a start up tool but should be used continually to re-evaluate the progress of the business. Business plan does not guarantee success but helps in reducing probability of failure.
Crawford-Lucas, Apart from the above benefits, the most important role of business plan is to accomplish the vision of an entrepreneur by persuading the investors to fund them.
The financiers could be either the lenders or investors. All require a business plan to evaluate the potential of business. Lenders looks at the riskiness of the loan by seeing the payback periods and cash flow data whereas the investors are interested on the longer term potential of the business and hence they want to know what the break even points are and what will be the return of investment.
Thus the decision of the prospective funder to consider the proposal would depend on the quality of the plan supported with the funding proposal. As stated by Brown et all The important aspects are listed below: This section plays a critical role as its the first document which an investor looks and makes a quick decision on the proposals.
It should be as concise as possible detailing all the important aspects of the business fulfilling the investors expectation. Product, history and competitors: The investor also looks into the following factors such as what is the product or service ,what pain is being eased through this product or service, history of the product, uniqueness of the product so that the customers are induced to purchase and who are the direct and potential competitors.
Marketing analysis and plan: This is the critical part of the business plan as this not only helps the investors but also an entrepreneur to understand the market.
The market analysis helps them to analyze what the market size is and what the future it holds for them and how they are going to target the market, what is the value proposition they are having and what strategies they are going to pursue to target those market.
Management summary is an important summary which an investors wants to look into it as they are the ones to whom investors invest their money.Examples of Strategic Objectives By Erica Olsen Financial Strategic Objectives.
Financial Growth: To exceed $10 million in the next 10 years. Develop and implement a promotional plan to drive increased business.
Alliance Management: Establish one new strategic alliance annually. Business Forms & Templates. Get instant access to hundreds of business forms, templates, and contracts online today.
Find documents for almost every kind of business such as purchase orders. The NFEC represents & trains financial education speakers through their Personal Finance Speakers Association.
Share This Article The NFEC is a social enterprise organization committed to creating a world where people are informed to make qualified financial decisions that improve their lives, the lives of their loved ones, and the lives of.
This week we are giving away a very basic template that is extremely important to the business, Sales Forecast Financial Overview. These reports in the template provide the executive team a high-level view to begin the evaluation of the financial performance of sales forecast.
Wood pellets production project summary and business plan Project goals: profit-making: 1st year - EUR ; Ukraine where wood pellets production is planned to be organized.
Feedstock characteristics Wood pellets production is continuous that . The Kyiv National Economic University (Ukrainian: Київський національний економічний університет імені Вадима Гетьмана), named after Vadym Hetman, is a higher educational institution in Kiev, Ukraine, and a self-governing (autonomous) research National University.
The university was founded in