Restaurant Success by the Numbers, Revised by Roger Fields Publication Date: This guide to opening a restaurant from an accountant-turned-restaurateur helps readers when making key decisions about funding, location, hiring, menu-making, number-crunching, and turning a profit--complete with sample sales forecasts and operating budgets.
Think about the numbers—develop pro forma financial statements. Element of a Business Plan Cover sheet. Compile your information—locate articles, financial statements.
Alternatively, a consultant can be hired to assist with the process. Thus business plan writers should customize their proposals based on the audience they are trying to reach. These elements provide a solid starting point for a general plan, but there is no single formula to a business plan and a multitude of factors will impact the amount of content needed in a good business plan.
Write a final draft—demonstrate attention to detail with accuracy and clarity. This section should also include a competitive analysis with a break-down identifying Strengths, Weaknesses, Opportunities, and Threats SWOT to the company and the business proposed.
Investors want to know that they are offering their support to a person or team qualified and capable of handling the business proposed and the funds loaned. Once goals and strategies are determined, a solid business plan can be formed toward fulfilling these goals.
Business angels focus on entrepreneurial elements and "investor fit" considerations. In this area, it is appropriate to discuss the specific dollar amounts required for the business venture, the cost to maintain and sustain the venture, and projections of income, balance sheets, and cash flow.
Small Business Administration recommends that a business plan describe four main elements of the proposed venture: an overview of the business, a marketing analysis, a financial plan, and a management plan.