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Do You Need To Write A Food Truck Business Plan In Order To Obtain Funding Or Strategic Growth?
Many entrepreneurs skip writing their business plan altogether, only to find themselves going back after the business hits a rough patch to properly create one…
Writing your company business plan is the single most important step you can take towards a successful business…
Your business plan can help you save thousands of dollars in the future of your company…
With the shortage of traditional bank loans; it is vital to put your thoughts down on paper. By creating a proper business plan, your investors will have a complete snap shot of where your business is and where you plan to take it.Download It Now For $17
Where do you start writing a successful business plan in order to increase your chances of investment funding?
The answer is in this 7 day e-course to writing a food truck business plan…
Starting a business without a plan is like putting the cart before the horse. A business plan shows that you have performed the proper market research and thoroughly understand your industry.
What are the benefits of writing a business plan?
· mapping out the path of your business
· having a clear plan of where your business is currently and where it is going
· know your competition
· the ability to fill a gap in your local market
· obtain financing
· keeps your investors informed
· shows your investors you are serious
· learn about your market and its trends
Planning your business is the most important decision you can make for your business.
Creating your business plan will help you to see your business from all angles. Sometimes you just need to get it all down in order for it to completely make sense.
This way you are able to identify your strong points as well as the areas you need to work on. These are important facts you may have otherwise ignored without a plan.
Planning helps you to prepare now, so that you can avoid repair in the long run. It is best to research, research, research before attempting to start your business venture. Otherwise, you will end up taking the time to repair what you could’ve avoided by just preparing.
Your business plan not only aids in receiving financing, but it also serves as your step-by-step guide to succeeding in the food truck industry.
Food truck entrepreneurs are 2.5 times more likely to go into business when they create a business plan.
Your business plan is your plan to success
The e-course will be available for immediate PDF direct download after payment has been verified.
How important is your business plan?
How else will your investors get a full spectrum of your business and your plan for future growth?
Here are some more reasons of why your business plan is important
· aids in obtaining traditional bank funding
· complete understanding of organizational structure
· marketing plan
· financial management
· defines your market
· maps out your intended products and services
Your business plan serves as the initial checklist. Once you check one goal or objective off you can work towards your next set of achievements.
There is a saying by Winston Churchill that goes “Failing to plan is planning to fail”. It is very true.
What are the essentials of a successful business plan?
Your food truck business plan explains how you envision your business. Whether you have a spin on an old concept or just a whole new idea, your business plan shows your passion to make your business succeed.
Once you plan out your business you can see what works, what would work, and what is not working; this helps you to enter into the food truck industry as an informed entrepreneur.
Since the business plan is specific to your business, you can add anything you can dream up and if you do not like something there is no need to add it to your success plan.
Mapping out your business plan will show you exactly how much funding you will need as well as where each penny is being spent. It allows you to project when you will breakeven and enter into making a profit.
It is important to the success of your business to have a stellar team. By creating your business plan you are able to create an organizational structure from the food truck owner right down to your expected number of employees.
Don’t be the entrepreneur that is stuck repairing what you should have prepared for…
Granted, creating a business plan can be a difficult task, but when done right the first time the only reason you will need to change your plans will be to set higher goals.
In fact, it is not that difficult once you break down the components of a full business plan.
With this 7 day step-by-step e-course you could be on your way to success by this time next week.
If you don’t have 7 days you can create a business plan snap shot in no time.
This e-course takes the 7 critical components of creating a business plan and makes it very easy to follow.
By focusing on one particular area at a time you are able to direct all of your attention to the topic at hand and not become distracted by how or when you will be able to complete the rest of the plan.
The e-course will be available for immediate PDF direct download after payment has been verified.Download It Now For $17
Below is a view of the Table of Contents included in the 7 Day e-course:
Day 1: Company Overview
1. Case Study
2. Company Summary
3. Company Ownership
4. Start-up Plan (New Business)
5. Company History (Existing Business)
Day 2: Market Analysis
1. Case Study
2. Market Summary
3. Market Segmentation
4. Target Market
5. Industry Description
6. Competition and Buying Pattern
7. Competition Analysis
Day 3: Products and Services
1. Case Study
2. Product and Service Description
3. Competitive Comparison
Day 4: Strategy and Implementation
1. Case Study
2. Strategy and Implementation Summary
3. Value Proposition
4. Competitive Edge
5. Marketing Strategy
6. Sales Strategy
7. Operation Plan
Day 5: Organization and Management
1. Management Summary
2. Organizational Structure
3. Management Team
4. Personnel Plan
Day 6: Financial Plan
1. Case Study
2. Financial Plan Summary
3. Important Assumptions
4. Projected Cash Flow Analysis
5. Projected Balance Sheet
6. Projected Profit/Loss or Income Statement
i. Cost of Goods Sold
b. Gross Margins/Profits
ii. Operating Costs
iii. Occupancy Costs
iv. Management Costs
v. Net Revenue
vi. Break-Even Analysis
Day 7: Wrap-Up
1. Case Study
2. Executive Summary
4. Table of Contents
5. Coversheet/Title Page
6. Business Plan Resources
The e-course will be available for immediate PDF direct download after payment has been verified.Download It Now For $17;
Questions or Comments? Email me at truckfoodfinds(at)gmail.com