With so much information floating around on the internet, it has becoming progressively more difficult, and sometimes impossible, to weed out what’s necessary from the fluff. However, most entrepreneurs are aware that the future of their startup depends investment, and seeking investment often requires a professional business plan to sway your audience to provide you with what you need. But what business plan will promote the attributes of your startup? What type of business plan will showcase your business dreams? What type do you need for your specific purpose?
These are questions that must be answered before you even sit down to write your business plan, and the first question that business plan writing professionals will ask. Below you will find a list of the various types of business plans for startups. Choosing the plan that’s right for you is the first step in securing the future of your business.
The Market Research Plan attends to the issues surrounding business startups. Questions pertaining to location, venture, profit, clientele, and trends determine the long-term goals for both business and entrepreneur. This plan not only delivers a written product, but also garners useful information in order to give solid recommendations. For most novices, this is a great place to start as it provides plenty of research and predictions for the startup.
The Feasibility Plan deals primarily with capital. Focusing on how much investment is required to begin and, later, how much will be required to see returns –both of these concerns fall under the feasibility business plan. It also addresses factors that can impede upward mobility. To begin successfully, one must realize that in any startup there are permits/licenses and barriers that must be tackled first. Being equipped with this knowledge will speed up processes and, eventually, profits.
An SBA/Bank Business Plan works with the projection of risks and capital all while supporting the actual startup itself. This plan carves out a pathway in which the entrepreneur can envision his/her goals and outcomes. Concentrating on reasonable and logical profit increases over x-amount of years and reducing risks are the primary objectives of this business plan. A timeline for profit forecasts should be included.
The Investor Plan seeks associates who are willing to add monetary value to the startup. For this plan investors are presented with the business plan, investment risks, and proof that the startup is reliable and profitable. The entrepreneur’s hope is to provide evidence of a working strategy for how the funds will be use, of a dedicated, professional team, and realistic outcomes over the next few years.
Immigration Visa Business Plans are created as a supporting document to accompany investor and immigrant visa applications. These visas, such as the E2, L1 and EB-5 visas, are issued to foreigners who are coming to the US to invest in the country’s economy through job creation, economic stimulation or project funding.
Remember – As with any professional service, letting a professional business plan writing company, such as Joorney Business Plans, manage your plans and goals tend to lead to better results. A third party perspective, paired with the experience that professional writing company have results in document that can provide valuable insight on your venture – for you, and for whatever entity will ultimately be receiving your document.
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