Cyba say Plan your work then work your plan.

CybaCipha

Rising Star
Platinum Member
Here are some resources and an online class.
http://www.sba.gov/smallbusinessplanner/plan/writeabusinessplan/SERV_BUSPLANFAQS.html
http://www.myownbusiness.org/s2/index.html

Why write a business plan?
Some of you dudes need focus. Besides that a business plan gives you the roadmap you need to make your business productive and viable. It helps brings your goals to light and keeps them in front of you in a detailed yet concise manner. It gives you a realistic idea of where you are today and helps define the things you need to get to that ultimate goal.

Parts of a business plan:


1. Executive Summary. The executive summary is the most important part of the business plan because it provides a 1-2 page snapshot of your company and explains who you are, what you do and why you do it. This should be the first thing you write. Don't do anything else until completing this step. Once you are finished with your plan come back and work on your summary. It will also be the last thing you write!

2. Table of Contents. A table of contents is exactly what you'd expect. It lists key sections of your business plan and brings structure to the plan by helping the reader find specific sections. Microsoft word has a feature that will allow you to create the table of contents automatically. Make sure its organized and numbered when you are done with your business plan.

3. Company Description. Here's your chance to lay the foundation and history of your company. Most business plans deal with the expansion and improvement of existing businesses rather than with the funding of start-ups. Now's the time to brag (factually) about how you transformed BGOL Strippaz Ltd. from a corner staple to a strong local employer that's helping single mothers fund their college careers.

Things to include:

* Describe how you got started, who started it and how the company has grown.
* Provide a history of sales, profits, and other important numbers.
* Lead up to a description of where you are now, and what plans you have for the future. If you have no sales just say you are a start up.
Make sure this is honest account. Potential investors will doubt the credibility of someone who appears never to have run into any problems. Talking about how you had initial challenges and then overcame them with flying colors will make you look better.

4. Product/Service. Describe your service in plain english. Leave the hood at home and the use of too many syllable words alone.

How does your service smell? What does it do? What differentiates it from all the other real estate redevelopment companies out there? How does it improve people's lives? What prevents someone else from doing the same thing more cheaply? What kind of equipment do you need? Do you have, or can you get, patent protection? Put yourself in the shoes of the investor and ask yourself what you yourself would want to know before agreeing to give you a large amount of money ("large" being most likely at least tens of thousands of dollars).

5. Market Analysis. You need to demonstrate that you have thought about what to do when the housing market tanks, what to do when it starts to climb. How do you roll in a buyers market? How do you roll in a sellers market? How are you keeping abreast of government regulations like the stimulus bill? How is the HOHO act affecting your business? Tighter restrictions are making it more difficult for retail buyers to buy. What are you changing to keep you business afloat? Are you linked with a credit specialist that will help them improve their credit in the next few months so you can invite them to purchase the next property?

Market analysis includes your sagacious discussion of industry characteristics and trends, projected growth, customer behavior, complementary products/services, barriers of entry, and so on. To do this effectively, you'll have to do a ton of research. Angels and VCs are suckers for good solid research (as they should be!), so pull out all the stops. Talk about how similar products/services have done well in the market, how you're fulfilling an obvious need, and exactly who you expect to purchase your services. Show them that in this cutthroat world of Real estate, you can hang in there.

6. Marketing Plan. Following your exposition of what the market is like comes your grand strategy of how you plan to get the word out. You have to detail exactly what steps you will take to ensure that customers know about your product/service and prefer it over the competition. Be as detailed as you can, and give several different tactics (start off with the cheapest marketing tactic like the internet or flyers, and proceed to the most expensive - tv and radio ads or billboards).

7. Operations Plan.
The nuts and bolts. You gave them vague assurances in your executive summary that you'd be able to run your business; now they need to understand how you plan to execute. Location, bricks and mortar, equipment needs, and labor requirements are laid out here in black and white.

8. Financial Plan. The numbers. You might not like this portion but once its done ... the hard part is over. Even if your pops is an accountant, you need to do this part yourself to get some knowledge of sales forecasts, profit-and-loss statements, cash flow projections, balance sheets, and standard biz ratios. Investors will expect you to be completely independent in this important area of knowledge; if they call you saying they'd like to set up a meeting with you, they will as you questions about your financial plan and you will be expected to act intelligently.

9. Management. Never underestimate the importance of the collective genius of your management team. VCs will take a great management team with a mediocre business model over a great business model with mediocre management any day of the week. If you have somebody in the team (or at least on your board or among your advisors), who's had serious entrepreneurial success, you'll earn double bonus points from investors. Wouldn't you trust a business plan that said that Bill Gates was on the Board of Directors?

10. Appendices.
This part has all of the necessary documentation like your resume, promotional materials and any independent assessments.
 
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If you want to make money online go to the business threads and search for Making money online.
Class of cash
http://www.bgol.us/board/showthread.php?t=340060
Inbox Dollars
http://www.bgol.us/board/showthread.php?t=340588

If you want IT education and certification go to my IT education thread. That shit is at least 10 pages.
http://www.bgol.us/board/showthread.php?t=264478

AND I posted a terabyte of PORN just so you ignant ninjas hear me!
http://www.bgol.us/board/showthread.php?t=333485

FOR MY STOCK AND TRADING LIBRARY
http://www.bgol.us/board/showthread.php?t=344332

The Graphics training thread
http://www.bgol.us/board/showthread.php?t=324744

CYBA's Real Estate Investor Training Thread
http://www.bgol.us/board/showthread.php?t=359698


http://blog.theprivilegedlifestyle.com/home/show/day/1
 
extreme props for this, my dude. given that Obama is throwin federal dollars the way of small business, all these hustlers out here need to come correct and get in where they fit in!
 
Here are some resources and an online class.
http://www.sba.gov/smallbusinessplanner/plan/writeabusinessplan/SERV_BUSPLANFAQS.html
http://www.myownbusiness.org/s2/index.html

Why write a business plan?
Some of you dudes need focus. Besides that a business plan gives you the roadmap you need to make your business productive and viable. It helps brings your goals to light and keeps them in front of you in a detailed yet concise manner. It gives you a realistic idea of where you are today and helps define the things you need to get to that ultimate goal.

Parts of a business plan:


1. Executive Summary. The executive summary is so important. This should be the first thing you write. Don't do anything else until completing this step. You can always correct it or make changes later but do not skip this step.

2. Table of Contents. A table of contents is exactly what you'd expect. Microsoft word has a feature that will allow you to create the table of contents automatically. Make sure its organized and numbered when you are done with your business plan.

3. Company Description. Here's your chance to lay the foundation and history of your company. Most business plans deal with the expansion and improvement of existing businesses rather than with the funding of start-ups. Now's the time to brag (factually) about how you transformed BGOL Strippaz Ltd. from a corner staple to a strong local employer that's helping single mothers fund their college careers.

Things to include:

* Tell 'em how you got started and how the company has grown.
* Provide a history of sales, profits, and other important numbers.
* Lead up to a description of where you are now, and what plans you have for the future. If you have no sales just say you are a start up.
Make sure this is honest account. Potential investors will doubt the credibility of someone who appears never to have run into any problems. Talking about how you had initial challenges and then overcame them with flying colors will make you look all the better.

4. Product/Service. Describe your service in plain english. Leave the hood at home and the use of too many syllable words alone.

How does your service smell? What does it do? What differentiates it from all the other real estate redevelopment companies out there? How does it improve people's lives? What prevents someone else from doing the same thing more cheaply? What kind of equipment do you need? Do you have, or can you get, patent protection? Put yourself in the shoes of the investor and ask yourself what you yourself would want to know before agreeing to give you a large amount of money ("large" being most likely at least tens of thousands of dollars).

5. Market Analysis. You need to demonstrate that you have thought about what to do when the housing market tanks, what to do when it starts to climb. How do you roll in a buyers market? How do you roll in a sellers market? How are you keeping abreast of government regulations like the stimulus bill? How is the HOHO act affecting your business? Tighter restrictions are making it more difficult for retail buyers to buy. What are you changing to keep you business afloat? Are you linked with a credit specialist that will help them improve their credit in the next few months so you can invite them to purchase the next property?

Market analysis includes your sagacious discussion of industry characteristics and trends, projected growth, customer behavior, complementary products/services, barriers of entry, and so on. To do this effectively, you'll have to do a ton of research. Angels and VCs are suckers for good solid research (as they should be!), so pull out all the stops. Talk about how similar products/services have done well in the market, how you're fulfilling an obvious need, and exactly who you expect to purchase your services. Show them that in this cutthroat world of Real estate, you can hang in there.

6. Marketing Plan. Following your exposition of what the market is like comes your grand strategy of how you plan to get the word out. You have to detail exactly what steps you will take to ensure that customers know about your product/service and prefer it over the competition. Be as detailed as you can, and give several different tactics (start off with the cheapest marketing tactic like the internet or flyers, and proceed to the most expensive - tv and radio ads or billboards).

7. Operations Plan.
The nuts and bolts. You gave them vague assurances in your executive summary that you'd be able to run your business; now they need to understand how you plan to execute. Location, bricks and mortar, equipment needs, and labor requirements are laid out here in black and white.

8. Financial Plan. The numbers. You might not like this portion but once its done ... the hard part is over. Even if your pops is an accountant, you need to do this part yourself to get some knowledge of sales forecasts, profit-and-loss statements, cash flow projections, balance sheets, and standard biz ratios. Investors will expect you to be completely independent in this important area of knowledge; if they call you saying they'd like to set up a meeting with you, they will as you questions about your financial plan and you will be expected to act intelligently.

9. Management. Never underestimate the importance of the collective genius of your management team. VCs will take a great management team with a mediocre business model over a great business model with mediocre management any day of the week. If you have somebody in the team (or at least on your board or among your advisors), who's had serious entrepreneurial success, you'll earn double bonus points from investors. Wouldn't you trust a business plan that said that Bill Gates was on the Board of Directors?

10. Appendices.
This part has all of the necessary documentation like your resume, promotional materials and any independent assessments.


"Much Props" on post, In words from the Dave Chapell show "I'm gonna be rich Bioooch" following this ground work... :yes::yes:
 
Cyba, do you have anything about WISE Installation (installer)?

You mean this?
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What Happened to Wise for Windows Installer and Wise Installation System?

In an effort to simplify our product lines, the Wise for Windows Installer and Wise Installation System product lines have been discontinued. However, the technologies in those products is now included in our new products: Wise Installation Studio, which creates both .MSI and WiseScript installations, and Wise Installation Express, which creates only .MSI installations.
What is My Upgrade Path?


Ability to author installations in Windows Installer (.MSI) and the WiseScript technology. Also includes all new functionality for creating and editing virtual packages, updated mobile device package support, support for Microsoft Windows Vista and more. Learn more about Wise Installation Studio

Ability to author installations for Windows Installer (no support for WiseScript). You’ll also get new features and functionality like support for Microsoft Windows Vista, ability to configure SQL Server databases and more. Learn more Wise Installation Express

Lost the website info.
*********************

No I don't have anything WISE fam
 
Why is planning for your business important?

Planning is the roadmap for your business. It will help provide the best set of instructions to get to your end goal ... profit.

Think of it as a blueprint for your business. You wouldn't build a house without a foundation and you wouldn't lay a foundation without a blueprint!

"By failing to plan, you plan to fail."
- unknown


Four questions to ponder before writing your plan:
  1. What service or product does your business provide? What need does it fill?
  2. Who are the potential customers for your product? Why would they purchase it from you?
  3. How will you reach your potential customers?
  4. Where will you get the financial resources to start and run your business?

You plan needs to explain:
  • who you are
  • Why you are doing business
  • Why your business is important
  • What you do
  • How you do what you do
  • Where you operate
  • How you make a profit
  • What you spend your money on
  • Who your customers are
 
I've been working on my business plan for over 3 years...thanks for this drop reminds me I need to stop bullshitting and get it together instead of the beat up folder I carry around in my car:smh:;)
 
I've been working on my business plan for over 3 years...thanks for this drop reminds me I need to stop bullshitting and get it together instead of the beat up folder I carry around in my car:smh:;)

I was at your stage a couple months ago ... so I started writing this thread. I'm back on it and when I fuck up I'm back in this thread!

I'm stuck on my mission state so I'm doing some exercises to get through it. I'm posting what I'm doing in a few minutes.
 
Components of your business plan explained: Mission Statement


Mission Statement:
This is a brief statement about who the company is and what it stands for. This is another important piece because you will be forced to formulate a vision of what your business really is. It will help you narrow your company's purpose to its core.

If you are having issues writing this section ask yourself ....
  1. What are the opportunities /needs that we EXIST to address? (Business Purpose)
  2. What are we doing to address those needs? (Business Activity)
  3. What beliefs guide our work? (core values)

Get everybody in your business (For mine its just me!) together and answer these questions separately. No time limit, to word limit. Just brainstorm.

Put them aside for a couple days and come back to it. Sit somewhere and work on it until you hash out a rough draft.

Keep in mind:
  • The mission statement should be timeless. When you read it 10 years from now it should still be relevant.
  • The missions statement is an almost unattainable goal. A goal that is possible but not really easy.
  • Don't be generic and don't make it something that you should be doing anyway.

Write 3 - 5 mission statements from your session put them aside for a day or so. Come back and be prepared to write something that is concise, to the point and engaging.


Here are some samples:


Dell - "Dell's mission is to be the most successful computer company in the world at delivering the best customer experience in markets we serve. In doing so Dell will meet customer expectations of: Highest quality, Leading technology, Competitive pricing, Individual and company accountability, Best-in-class service and support, Flexible customization capability, Superior corporate citizenship and Financial stability."


Google
- "Organize the world's information and make universally accessible and useful."

Cannon(before 2000)
- "Kill Xerox" :lol::lol::lol::lol::lol: they've changed it since then.

Cannon (today)- "Canon is a market leading supplier of consumer and business imaging solutions.We are a team committed to our customers' ongoing satisfaction through the empowerment and development of our staff.

To be the preferred supplier we will be easy to deal with and provide quality, value for money, products and services.To ensure success for all stakeholders we will deliver profitability, growth, job fulfillment and have a positive impact on the community."

McDonald's
- "McDonald's vision is to be the world's best quick service restaurant experience. Being the best means providing outstanding quality, service, cleanliness and value, so that we make every customer in every restaurant smile. To achieve our vision, we are focused on three worldwide strategies:
1. Be the best employer for our people in each community around the world,
2. Deliver operational excellence to our customers in each of our restaurants, and
3. Achieve enduring profitable growth by expanding the brand and leveraging the strengths of the McDonald's system through innovation and technology."​
 
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Components of your business plan explained: Vision

Many people often confuse Mission and Vision statements. Here's a definition from Wikipedia:
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* A Mission statement tells you the fundamental purpose of the organization. It concentrates on the present. It defines the customer and the critical processes. It informs you of the desired level of performance.

* A Vision statement outlines what the organization wants to be. It concentrates on the future. It is a source of inspiration. It provides clear decision-making criteria.

Many people mistake vision statement for mission statement. The Vision describes a future identity while the Mission serves as an ongoing and time-independent guide. The Mission describes why it is important to achieve the Vision. A Mission statement defines the purpose or broader goal for being in existence or in the business and can remain the same for decades if crafted well. A Vision statement is more specific in terms of both the future state and the time frame. Vision describes what will be achieved if the organization is successful.

A mission statement can resemble a vision statement in a few companies, but that can be a grave mistake. It can confuse people. The vision statement can galvanize the people to achieve defined objectives, even if they are stretch objectives, provided it can be elucidated in SMART (Specific, Measurable, Achievable, Relevant and Time-bound) terms. A mission statement provides a path to realize the vision in line with its values. These statements have a direct bearing on the bottom line and success of the organization.

Which comes first? The mission statement or the vision statement? That depends. If you have a new start up business, new program or plan to re engineer your current services, then the vision will guide the mission statement and the rest of the strategic plan. If you have an established business where the mission is established, then many times, the mission guides the vision statement and the rest of the strategic plan. Either way, you need to know your fundamental purpose - the mission, your current situation in terms of internal resources and capabilities (strengths and/or weaknesses) and external conditions (opportunities and/or threats), and where you want to go - the vision for the future. It's important that you keep the end or desired result in sight from the start.

Source: http://en.wikipedia.org/wiki/Strategic_planning#Mission_statements_and_vision_statements
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The vision is about the future and outlines what the company WANTS to be, it is forward thinking and futuristic and should express hope and inspiration.


Samples:
Dell - Its the way we do business. It's the way we interact with the community. It's the way we interpret the world around us-- our customers needs, the future of technology, and the global business climate. Whatever changes the future may bring our vision -- Dell Vision -- will be our guiding force.

So Dell needs full customer satisfaction. In order to become the most successful computer company, they need the newest technology and loyal customers.

McDonald's - McDonald's vision is to be the world's best quick service restaurant experience. Being the best means providing outstanding quality, service, cleanliness, and value, so that we make every customer in every restaurant smile.
 
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Components of your business plan explained: Define your market



  • Industry
  • Describe your industry, what is the outlook for sales of your product?
  • Is there growth? Is there room for you?

    Customers
  • What are your customer's needs?
  • Are they currently being met?
  • Why would customers use your products?
  • What needs are you satisfying?

    Target Market
  • Who are your customers?
  • What do they buy and why?
  • What groups would be more likely to buy your products?
 
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Components of your business plan explained: Description of your Services/products

What products/services do you provide?
- Describe them in detail
- include pics of your product
What are your price points?
How are your products/services competitive?

This section should focus on what you sell and how you compete. Period.
 
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Good post Cyba.

extreme props for this, my dude. given that Obama is throwin federal dollars the way of small business, all these hustlers out here need to come correct and get in where they fit in!

Where is Obama, " throwing " federal dollars the way of small business? Please elaborate.

Are you speaking of the unfreezing of SBA loans. Most small business owners never apply directly to the SBA for an SBA loan and most businesses have suffered signifigant losses the last two to three years.

Lenders look directly at two things; Cash flow history/projections to determine a businesses ability to repay debt. The banks are still regulated and if you have suffered losses, you will not qualify!

Where is Obama, " Throwing " money!?
 
Good post Cyba.



Where is Obama, " throwing " federal dollars the way of small business? Please elaborate.

Are you speaking of the unfreezing of SBA loans. Most small business owners never apply directly to the SBA for an SBA loan and most businesses have suffered signifigant losses the last two to three years.

Lenders look directly at two things; Cash flow history/projections to determine a businesses ability to repay debt. The banks are still regulated and if you have suffered losses, you will not qualify!

Where is Obama, " Throwing " money!?


Thanks sir!

I don't know if the money out there or not but I am preparing these fools to get it.

Did yall see my google venture capital thread? They giving out millions :eek: You ain't getting a dime if you ain't ready. If you ain't got a business plan ... :itsawrap: as far as funding is concerned.
 
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