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Business Plan and Start Up Newsletter Issue #1036-Simple Business Plan
November 16, 2006

Endorsement Marketing SecretsSimple Business Plan; Preparing One That Will Work For Your Business New Page 2

Business Plan And Start Up Newsletter

November 2006
Written by Shaunta Pleasant
President, TL Manage Inc.

Everything banks, lenders and the SBA look for!  Produce your business plan quickly and easily... For entrepreneurs and small-business owners.   Find Out More...


********Table of Content********

Simple Business Plan; Preparing One That Will Work For Your Business

Endorsement Marketing Secrets

A Few Cool Helpful Notes


The Importance Of A Business Planning Blog

Simple Business Plan; Preparing One That Will Work For Your Business
By Shaunta Pleasant

Creating and starting your own business should be an exciting and thrilling time in your life. And a simple business plan can help. Many people dream of striking out on their own and creating their own financial future, but few have the courage and the skill it takes to succeed in this competitive world.

Those who have such a bold vision should be encouraged every step of the way. It is hard to overestimate the importance of the entrepreneurial spirit to the success of the nation as a whole.

== Getting Outside Funding For Your Business==

It is also hard to overestimate the importance of having a solid simple business plan to the success of the new startup business. A complete and accurate business plan is a necessary first step toward getting the financing that will be needed to create a new business.

Few new businesses can succeed without some form of outside funding, and a properly executed business plan is the key to getting this funding.

Any loan officer will want to see your business plan when you apply for business funding.

==Using Private Investors And Partners==

The simple business plan is also important for those business owners who plan to use only private funding. Private investors and prospective partners will want to see the business plan before they decide to invest their hard earned money there.

== What Should You Include In Your Business Plan? ==

Many new business owners are confused about just what a business plan should include, and what format it should take. While the format of a business plan will vary from business to business, there is some basic information that simple business plans for any industry should contain.

These necessary business plan elements include such things as what the business will do, what products it will make, what services it will provide, what kind of competition it faces, and who will be running the company.

Including Details About The Management Team ==

The management team section is actually one of the most important sections of the simple business plan. This is because the management team is such an integral part of a company’s eventual success or failure.

A company is only as strong as its management team, and it is important that the business plan showcase the qualifications and relevant experience of the principals in the business.

== Including An Honest Assessment Of The Finances ==

An honest assessment of the finances of the business is also an important part of any business plan. Of course this is somewhat more complicated in the case of a startup company without a financial track record.

In the case of a startup, the business plan will include some financial assumptions. It is important to point out that these assumptions should not represent the opinion of the business owner.

Rather they should be solid financial information, including the financing requirements of the business, a detailed market analysis and a break-even analysis. This financial information will be vital to anyone reading the simple business plan.

Shaunta Pleasant is a professional web writer and editor on business plan topics. Visit my site to learn more about writing a business plan a

Article Source:


Endorsement Marketing Secrets
By Rojo Sunsen

Endorsement marketing is having famous or reputable people recommend your product or service to others. They could be celebrities, star athletes, musicians, etc. Choose people that are related to your business and might actually use your product or service.

Before asking anyone for an endorsement be sure your product or service gives the results you say it does. They may ask you to prove it before they will agree to give an endorsement.

Once you find the ideal person to endorse your product or service simply contact them and ask. When proposing any endorsement deal make it a win/win situation. Tell them you would get the endorsement and they would get free publicity. If they're selling a product or service, you could exchange endorsements. If they ask for a fee, try to give them a percentage of the profits instead.

Once you get an endorsement from someone, use it on all your advertising and marketing material. Put their endorsement and picture on your Web site. Use their testimonial in your ads. Include it on your product packages.

An endorsement can increase your sales fast. It gives credibility to your product or service. People will usually believe a person that's not related to your business before they will believe you.

About the author:

Rojo Sunsen is a specialized bounty hunter who prefers to work quietly/confidentially for the benefit of her clients.

Article Source:


A Few Cool Helpful Notes

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P.S. Autumn is a nice time to go outside for a walk... Maybe take some time to think about your businesses plans for the rest of the year... :-)



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