Stand UP Business Blog: March 2017

Friday, March 31, 2017

The Management Plan Section of the Business Plan

When writing the business plan, the Management Plan section describes your management team and staff and how your business ownership is structured. People reading your business plan will be looking to see not only who's on your management team but how the skills of your management and staff will contribute to the bottom line.

A convenient way to organize the Management Plan section is to break it into sections detailing your:

Ownership Structure
Internal Management Team
External Management Resources
Human Resources Needs

Wednesday, March 29, 2017

Prepare an Investor Ready Business Plan

A business plan, as all good entrepreneursstarting out in life should know, is the foundation, or rather a springboard, towards the establishment and growth of a new business. A business plan is an essential tool for companies raising capital – and your business plan needs to be Investor Ready.

What is an Investor Ready business plan?

A document that has been professionally prepared to meet the needs of both venture capitalists and angel investors.
In your business plan, you should be able to see your own project through the investor’s eye. Your plan must be able to answer the concerns of an investor.

Both venture capitalists and angel investors are risking their hard earned capital by investing in your enterprise in the hope of long-term returns that are worth many times their original investment. An Investor Ready Business Plan demonstrates to investors that you are an expert in your industry and that you have a clear mission. An entrepreneur addresses these needs by preparing a comprehensive and detailed view of their business objectives and goals. Some important business plan sections that address different concerns of the investors are below:

5 Inexpensive Business Ideas That Anyone Can Start

Pet Sitting - More and more people are looking for someone to care for their pets when they can't - people who don't like the idea of putting "precious" into a kennel. Professional pet care givers comes into the home to care for the pet while the owner is away, feeding, walking, and playing with the animal(s). If you love animals and are knowledgeable about them, this could be a great business for you. According to the National Association of Professional Pet Sitters (NAPPS), in-home pet-care is one of the fastest growing industries in North America today.
Residential Cleaning Services - Having your house cleaned by someone else is no longer only for the rich. With everyone getting busier all the time, more people than ever are willing to pay to get the benefits of a cleaner home and more free time to do things they consider to be more important. Residential cleaning services are normally provided on a once-a-month or once-a-week basis. If you're an organized person who can build a clientele, you could do extremely well if you start a cleaning business.
Delivery Services - We're all familiar with the "big names" in the delivery industry, but that doesn't mean that there's no room for the little guy (or gal). If you can deliver things quickly and efficiently in your local area at a reasonable price, this may be a good business idea for you.
Grass Cutting /Snow Removal Services - We mow our own grass here (and remove our own snow). But we’re in the minority in our neighborhood. Many people would rather spend the money on having someone else keep their yard looking good. The great thing is that in many places, you can combine lawn care and snow removal and have a viable business all year long.
Scrapbooking - I freely admit that I know little about scrapbooking. But I do know that scrapbooking is a growing industry (of about $3 billion a year currently) and that kind of popularity tells me that it's a business idea that could be very profitable. You can start a business as a creator of original scrapbooks or by becoming a consultant for a scrapbook business that's already established.