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Corporate Resume Template

Before launching a new business, you should have researched and analyzed every aspect of your business separately. The business plan is the culmination of this process in which you bring the separate pieces of the jigsaw puzzle together and see what the whole thing looks like. Think of it as both a blueprint and a route map to guide the business through the future. Just as you would not dream of building a new house without a proper blueprint or proper directions, you should not dream of launching a new business without a proper business plan.

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Business strategy: If the business objective defines what you want to achieve, business strategy defines how you are going to achieve it. Whether this strategy involves sales and marketing plans or production and quality standards or a mix of several different strategies, you need to be able to demonstrate that the objective is achievable through the implementation of your chosen methods. The financial section of the business plan is the demonstration of your success.

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Business objective: Every business needs to have an ultimate goal towards which every aspect of the business is geared. Because the objective of business is to make a profit and create wealth, it helps if the objective is spelt out in financial terms. There are a number of profit and wealth creation measures available such as return on investment, return on capital employed, return on net worth, market capitalization and so on. Choose the measure that suits you best and preferably use a single measure to provide clarity.

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Enables you to review the business as a whole as well as each important segment. Enables you to spot strengths and weaknesses. You can use these to leverage opportunities and far more importantly, decide on how you are going to cope with threats. You can then prepare contingency plans and measures to deal with the situation. Help you to spot the areas that need to be beefed up possibly with the help of outside expert opinion. Provides the basis for taking important long-term decisions such as applying for business loans, recruiting your key people and planning for infrastructure and facilities.

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All businesses at some point started off as an idea and developed from there. Some were successful and most failed. Ask any financial advisor about starting or expanding a business and they will certainly recommend you write a business plan. A Business Plan will help you take the idea and put it into the real world and see whether it is financially viable. A Business Plan varies from Business to Business but generally contain the following components. Executive summary, Business Description & Management, Market Analysis, Marketing Plan, Operations Plan, and financial tables. These are essentially the documents you would take

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Ideally spreadsheets that you can input data straight into. Such spreadsheets could include, but may not include the following worksheets. Present Personal Standing in relation to private assets and liabilities, Sales Forecast, Cash Flow Forecast, Profit and Loss and Balance Sheet.

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Business objective: Every business needs to have an ultimate goal towards which every aspect of the business is geared. Because the objective of business is to make a profit and create wealth, it helps if the objective is spelt out in financial terms. There are a number of profit and wealth creation measures available such as return on investment, return on capital employed, return on net worth, market capitalization and so on. Choose the measure that suits you best and preferably use a single measure to provide clarity.

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A good template should allow you to fully customize it. Once you have a good template its time to start working through it and filling in each section as best and as accurately as you can. Be objective. Most people will instinctively overinflate projected sales and underestimate costs. Start at the beginning and take your time to work through the template. A good template will spell out and ask you certain things about your idea therefore in each section and sub section you should be able to just answer the questions as accurately as possible. Answers can always be revised

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Before launching a new business, you should have researched and analyzed every aspect of your business separately. The business plan is the culmination of this process in which you bring the separate pieces of the jigsaw puzzle together and see what the whole thing looks like. Think of it as both a blueprint and a route map to guide the business through the future. Just as you would not dream of building a new house without a proper blueprint or proper directions, you should not dream of launching a new business without a proper business plan.

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Is it expanding, static or declining and what factors lead you to believe that your business will be successful. You will be asked about the nature and strength of your competition. How did you arrive at your pricing model and what contingent plans do you have in place if things go wrong? That is, sales targets are not met or an injury or illness to you or another important partner? Here you will also be asked about your customers profile.

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