The Complete Do-It-Yourself Guide to Business Plans: “It’S About the Process, Not the Product” New, Revised and Expanded, Second Edition
()
About this ebook
Do-It-Yourself Business Plan? Yes you can!
This comprehensive Guide provides all the tools, tips and techniques you need, including Real-life case studies, Sample Business Plans and Financial Templates. In the Guide you will learn valuable insights from Uncle Ralphs thirty years of experience as an entrepreneur, executive and consultant to entrepreneurs.
Learn what to say and what not to say in your Business Plan. How to present it to different sources of financing. How to test feasibility and calculate your break-even sales. Learn how to evaluate whether you have what it takes before you start. And learn how to Avoid the Seven Biggest Mistakes that most entrepreneurs make.
It will be easier to prepare your Business Plan and it will deliver better results.
Delvin R. Chatterson
DEL CHATTERSON is your Uncle Ralph. He is an experienced consultant, entrepreneur and business executive. His consulting company, DirectTech Solutions, provides strategic advisory services to business owners, managers and entrepreneurs. His focus is always: “Creative, Practical Business Solutions. Delivered.” Del is dedicated to helping entrepreneurs to be better and do better. He has helped businesses at all stages: from start-up through the operating and management challenges of achieving sustainable growth and profitability to the exit strategies for management transition and succession plans. His expertise is often applied in assessing business performance and developing strategic plans to achieve higher levels of performance and profitability. Del has lectured on entrepreneurship, financial management and business planning in the business programs at both Concordia and McGill Universities in Montreal. He has given numerous seminars and workshops on business management and entrepreneurship and continues to offer ideas, information and inspiration for entrepreneurs through his Blogs, articles and books under the persona of “Uncle Ralph”. Del is an MBA and Engineer with a wealth of business management and consulting experience. He has been successful as an entrepreneur and consultant in both corporate and entrepreneurial environments for a broad range of businesses in manufacturing, distribution, professional services and technology. Del provides valuable strategic insights based on perceptive business analysis for entrepreneurs worldwide. In this Guide he shares his expertise on how to prepare a successful Business Plan and provides additional advice on how to build and grow a successful business. Learn more at: www.LearningEntrepreneurship.com/
Related to The Complete Do-It-Yourself Guide to Business Plans
Related ebooks
The Plan:Creating the Blueprint for Running a High Flying Business Rating: 0 out of 5 stars0 ratingsThe 5 Stages To Entrepreneurial Success: What Every Entrepreneur Should Know About Dominating Your Market Rating: 0 out of 5 stars0 ratingsPocket Answers Business Planning: Pocket Answers Rating: 0 out of 5 stars0 ratings45 Practical and Effective Tips to Generate More Revenue From Your Events Rating: 0 out of 5 stars0 ratingsGrow Your Profits - Online Marketing Secrets That Really Work Rating: 0 out of 5 stars0 ratingsEntrepreneur's Guide on Managing Small Business Profitably Rating: 0 out of 5 stars0 ratingsKickstart: A Guide to Mastering Marketing in Today's Digital World Rating: 0 out of 5 stars0 ratingsFranchise Vision: Transform Your Future Through Franchise Ownership Rating: 0 out of 5 stars0 ratingsExpert to Entrepreneur: How to Turn Your Hard-Won Expertise into a Thriving Business Rating: 0 out of 5 stars0 ratingsSmall Business Marketing Rating: 0 out of 5 stars0 ratingsYou Can Be a Successful Business Person!: Micro, Small & Medium Enterprises (Msmes) Fundamentals Rating: 0 out of 5 stars0 ratingsAlpha Dogs: How Your Small Business Can Become a Leader of the Pack Rating: 4 out of 5 stars4/5Making Business Connections That Counts: Six Simple Steps to Success, #4 Rating: 0 out of 5 stars0 ratingsFrom Having A Boss To Being The Boss Rating: 0 out of 5 stars0 ratingsFifty-Four Years in Advertising: from the Mailroom to the Boardroom Rating: 0 out of 5 stars0 ratingsBefore You Launch Your Business: How to decide if being an Entrepreneur is for you Rating: 0 out of 5 stars0 ratingsSales suck... NOW WHAT?: A "down & dirty" guide to sales and marketing for MICRO, MINI and SMALL businesses Rating: 0 out of 5 stars0 ratingsAchieving Financial Freedom: A Roadmap for All Investors Rating: 0 out of 5 stars0 ratings8,000 Years of Weird and Wonderful Taxes Rating: 0 out of 5 stars0 ratingsThrowing Gas on The Fire - Creating Drastic Change in Life (and Business) Rating: 0 out of 5 stars0 ratingsThink Like a Marketer: What It Really Takes to Stand Out From the Crowd, the Clutter, and the Competition Rating: 0 out of 5 stars0 ratingsLoyalty program A Complete Guide Rating: 0 out of 5 stars0 ratingsHow To Re-Energize Your Email List & Re-Engage Your Audience In Only 4 Days Rating: 0 out of 5 stars0 ratingsUnique Selling Proposition A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsTo the Top Smart Free Marketing for Entrepreneurs and Self-Employed Rating: 0 out of 5 stars0 ratingsFive Ways to Promote Your Business for Online Success: Personal and Business Success Series, #1 Rating: 0 out of 5 stars0 ratingsPrinciples of Small Business: A Look at Critical Components for Small Business Success Rating: 0 out of 5 stars0 ratingsThe Seriously Lighthearted Guide to Funding Your Start-up Business!: The Seriously Lighthearted Guide Series, #4 Rating: 0 out of 5 stars0 ratings
Personal & Practical Guides For You
The Ultimate Guide to Cunnilingus: How to Go Down on a Women and Give Her Exquisite Pleasure Rating: 5 out of 5 stars5/5Kama Sutra: The Book of Sex Positions Rating: 5 out of 5 stars5/5Sex Hacks: Over 100 Tricks, Shortcuts, and Secrets to Set Your Sex Life on Fire Rating: 4 out of 5 stars4/5What Do I Do If...?: How to Get Out of Real-Life Worst-Case Scenarios Rating: 4 out of 5 stars4/5Legally Stoned:: 14 Mind-Altering Substances You Can Obtain and Use Without Breaking the Law Rating: 4 out of 5 stars4/5The Whole Lesbian Sex Book: A Passionate Guide for All of Us Rating: 3 out of 5 stars3/5The Complete Book of Home Organization Rating: 4 out of 5 stars4/5Kama Sutra: A Modern Guide to the Ancient Art of Sex Rating: 1 out of 5 stars1/5Nobody Wants Your Sh*t: The Art of Decluttering Before You Die Rating: 5 out of 5 stars5/5The Ultimate Guide to Kink: BDSM, Role Play and the Erotic Edge Rating: 0 out of 5 stars0 ratingsYoga: 50 Poses and Meditations for Body, Mind, and Spirit Rating: 0 out of 5 stars0 ratingsThe Art of Manliness: Classic Skills and Manners for the Modern Man Rating: 5 out of 5 stars5/5Modern Etiquette Made Easy: A Five-Step Method to Mastering Etiquette Rating: 5 out of 5 stars5/5College Hacks Rating: 4 out of 5 stars4/5How To Draw Faces Rating: 3 out of 5 stars3/5Lucky Dog Lessons: From Renowned Expert Dog Trainer and Host of Lucky Dog: Reunions Rating: 4 out of 5 stars4/5The Lost Art of Handwriting: Rediscover the Beauty and Power of Penmanship Rating: 5 out of 5 stars5/5Bruce Lee Wisdom for the Way Rating: 5 out of 5 stars5/5The Complete Book of Clean: Tips & Techniques for Your Home Rating: 5 out of 5 stars5/5A Witch's Grimoire: Create Your Own Book of Shadows Rating: 4 out of 5 stars4/5World's Best Life Hacks: 200 Ingenious Ways to Use Everyday Objects Rating: 4 out of 5 stars4/5The Art of Manliness - Manvotionals: Timeless Wisdom and Advice on Living the 7 Manly Virtues Rating: 4 out of 5 stars4/5How to Disappear and Live Off the Grid: A CIA Insider's Guide Rating: 0 out of 5 stars0 ratings
Related categories
Reviews for The Complete Do-It-Yourself Guide to Business Plans
0 ratings0 reviews
Book preview
The Complete Do-It-Yourself Guide to Business Plans - Delvin R. Chatterson
© 2014 Your Uncle Ralph, Delvin R. Chatterson. All rights reserved.
No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.
Throughout this Guide and in the Real life Stories, the actual individual names and business details have been changed to protect the subjects of each story. Any apparent use of real names is purely coincidental.
Published by AuthorHouse 03/10/2014
ISBN: 978-1-4918-6552-1 (sc)
ISBN: 978-1-4918-6551-4 (hc)
ISBN: 978-1-4918-6550-7 (e)
Library of Congress Control Number: 2014903238
Any people depicted in stock imagery provided by Thinkstock are models,
and such images are being used for illustrative purposes only.
Certain stock imagery © Thinkstock.
Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.
Contents
Can I Help You With Your Business Plan?
Introduction To The Guide
Introduction To Uncle Ralph
1. What Is A Business Plan?
2. Why Do You Need A Business Plan?
3. What Is The Process?
4. Check Your Personal Objectives
5. Find The Right Business Opportunity
6. Test Financial Feasibility
7. Getting Started
8. Business Plan Outline And Checklist
9. Get The Financing You Need
10. The Entrepreneur’s Challenge
11. Package Your Business For Sale
12. Put A Price On Your Business
13. Some Final Words From Uncle Ralph … On Business Plans
Appendices
Sample Business Plan – Happy Pets Center Inc.
Sample Business Plan – Go Freight Inc.
More Resources From Uncle Ralph
Additional Resources Used And Recommended
About The Author
Dedicated to the principle that entrepreneurs who do better for themselves will also do better for their families, employees, customers and suppliers; their communities and the planet.
Do better.
ACKNOWLEDGEMENTS
This Guide is made more valuable, interesting and useful, thanks to the input of all the clients, consultants, bankers, business partners, investors and associates that I have worked with during the last thirty years and more. I could not possibly name them all. Some may recognize themselves in the real life stories and examples that I have used in the Guide and I apologize if they remember it differently or I neglected to mention all the lessons we learned together.
I appreciate and respect all the business planning guides, textbooks and online resources that I have referred to in developing my own approach and advice. I recommend many of these resources to the reader as useful complementary input to their business planning and management processes.
The feedback and suggestions from readers, friends and associates on the First Edition have contributed immensely to making this Second Edition a better Guide to Business Plans. I appreciate also that the quality of this publication has been greatly enhanced by the active support and professional services offered by my publisher AuthorHouse and Author Solutions LLC.
And most importantly, thank you to my talented and patient wife, Penny Rankin, who supported, encouraged, challenged, edited and improved every revision.
Thank you.
CAN I HELP YOU WITH YOUR BUSINESS PLAN?
Well, this is what clients and bankers have said about the Business Plans that I’ve worked on with them:
• Very well done! This answers all our questions and I can get approval quickly for you." Lending officer, CIBC.
• This is exactly what we like to see in a Business Plan.
Account Manager, Business Development Bank of Canada.
• Now we have a documented strategy and financial projections that help us understand the business potential and take it to the next level.
Partners in a telemarketing service business.
• Finally we have a plan we can work with. Thanks Del, we never would have made it without you.
Two experienced executives launching a freight brokerage business.
• I would not hesitate to recommend Del ... to anyone seeking professional guidance in making their business grow.
Owner, Retail Business.
• Del respects and understands the entrepreneur… he led us to focus on the most important issues.
Entrepreneur, Office Furniture.
• His experience and expertise were utilized to develop a bullet proof business plan… the plan will certainly attract new investors.
President, Procurement Services Business.
• Hey Del, they liked the Plan and we’re getting the loans!
Entrepreneurs purchasing a garage/car wash business.
I expect to hear the same happy feedback from you after you read the Complete Do-It-Yourself Guide and apply it to your own Business Plans.
It will make a difference:
An easier process and better results.
INTRODUCTION TO THE GUIDE
It’s about the process, not the product
My objective with this Second edition of The Complete Do-It-Yourself Guide to Business Plans is to provide an expanded and enhanced version of the Guide, based on readers’ feedback from the First Edition published in 2010.
This edition includes new material, real-life case studies, sample Business Plans and more information, tools, tactics, and techniques to help you prepare a better Business Plan.
Preparing a Business Plan remains an important and necessary requirement for every business; but for most business owners it is not an easy task.
Even with this Guide you may need the assistance of others – your banker, accountant, consultant or associates. But the Guide will help you to get the most out of the process and prepare a Business Plan that gets the results that you want – for a business start-up, new financing, growth and profitability, even sale and exit from the business, if you are at that stage.
Every entrepreneur needs to prepare and use an effective, documented business plan to provide direction to the management team and help them deliver the desired results.
But most importantly, I want to emphasize throughout that the primary value in preparing a solid business plan comes from the process, not the product.
The product is a valuable and necessary document, but the real value to the entrepreneur will be in the process of assessing the marketing opportunities, developing business strategies, testing marketing and operating plans, and evaluating the expected financial results under alternative scenarios.
This process (if well done, according to the methods that I will describe in this Guide) will lead you to prepare a plan for the business that is realistic, achievable, well understood and supported by all of the stakeholders involved – owners, managers, staff, lenders and investors.
My intent is to provide everything you need to do-it-yourself
and prepare your own Business Plan, but you will also learn how to direct other participants in the process – your staff and your consultants or advisors.
I will cover all the aspects of completing a successful business plan. You will know that your plan is successful when it helps you get the financing you need and it leads you to building and growing a profitable business.
We will discuss the purpose of doing a business plan; choices of different business concepts, financial structures and strategies; business plan content, style and layout; and how to prepare a complete set of financial projections.
The Complete Do-It-Yourself Guide to Business Plans is a consolidation of everything that I have learned from the preparation or analysis of