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Free Authors Business Plan
If you are starting an Authors business then it is wise for you to put in writing an Authors business plan. If you need finance for your company this will help you with it and even if you are lucky to have enough capital to set up your own business then a business plan will help you in your business strategy. This will boost the probability of your business being a success, which cannot be a bad thing.
Your plan should contain the following...
Authors Executive Summary
Your Authors executive summary should be written last as soon as you have done all the ground work in preparation of your business plan - it is after all intended to be a summary of your business. This is the page that will grab the awareness of the reader and make them know what your Authors business is regarding. Commonly it should present the reader three years highlights of your business or longer if you come up with a more long term business plan - i.e. when the financier(s) are likely to start seeing some earnings on their investment. The Authors executive summary ought to reference the chief protagonists who are available to assist manage the business and generate the profits for the investors and if any new management will be required in the process. Click here for more free advice on how to write your executive summary.
Authors Objectives
As the executive summary generally includes the breakdown of the first 3 years - your objectives should as well be set out for your first 3 years of operation - this can be a handful or may perhaps be to a large extent more meticulous - it is wholly up to you, however having unrealistic goals to complete for your Authors business in an unrealistic timeframe will put likely investors off considerably than them being impressed at your high objectives.Read more about business objectives.
Authors Mission
A number of people see objectives and mission as the same thing but they are not - objectives are there for you to meet your mission. The final mission of any business ought to be to get bought out! If you can build your Authors business up to sell it at the same time as retaining some shares then you will have achieved success. To grasp your ultimate mission you will almost certainly need some smaller missions - these could be to reach a certain revenue, to reach a certain quantity of customers, to push a certain number of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You need to tell people how and why your Authors business is going to be a triumph - if you cannot think of something to record here then you are relying on a lot of luck. Even if your answer is in simple terms that you are going to put more effort in than your competitor - then at least that is something...but you'll need to back it up with some evidence especially if you are looking for funding in your Authors business.
Company Summary
Here you should put in writing a simple construction of your business over the next three years unless you have a long term plan.
Company Ownership
Just put in writing who is going to own the Authors business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's fairly regular for somebody to own part of a business but have no say in how that business is run. You must disclose if the company is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Authors business going to be trading from and why are you going to be trading from this location - you may perhaps not be capable of giving pinpoint address at this primitive stage but you have to narrow it down as much as you can, as obviously this will have a fundamental effect on your business. It is generally effortless to get premises for any Authors business particularly in this climate with so many businesses folding, but getting the suitable business premises for the right money is a different prospect completely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Authors Business.
Before you can plug any products or services you ought to write down accurately all of the things you are going to need and if you are going to require any investment in order to pay for all of these things. You may perhaps require to tone down your start-up summary depending on your financial condition - so you might desire selected Authors equipment nevertheless not be capable of buying it until you have sold several units of product / service.
Authors Start-Up Costs
This is a simple inventory of stuff you need to buy or stuff you can bring into the company if you already have possession of them before your Authors business can start working. If you don't have enough cash you ought to also add in who is going to make available this money to get your Authors business going.
Visit this page for more typical start up costs.
Authors Investment
If you do not have adequate cash you ought to bring in the full amount of investment you are going to need and what's more include the breakdown of the parties that are going to bankroll the investment. Take account of the equity being given away to fund this or loan agreements in order to finance the agreement. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Authors Business.
Useful Authors Resources
Authors Marketing Plan | Authors Equipment | Authors Online
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