5 Year Business Plan Outline

5 Year Business Plan Outline-89
If you're aware of any challenges your company faces, or that the industry or marketplace holds, state these as risks and note how your product and strategy mitigate them effectively.If part of the purpose of your five-year business plan is to solicit funding, be specific in saying what you want.A five-year business plan can be written for a number of purposes.

If you're aware of any challenges your company faces, or that the industry or marketplace holds, state these as risks and note how your product and strategy mitigate them effectively.If part of the purpose of your five-year business plan is to solicit funding, be specific in saying what you want.A five-year business plan can be written for a number of purposes.

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Look ahead five years and envision what your business will look like.

This strategic vision will determine much of what follows, because your plan basically states how you'll get from your current state to that end goal.

For example, you might announce the intent to grant equity in the company, issue bonds, or go public and have your stock traded in the marketplace..

Financial projections are critical, particularly for companies that hope to use the plan to solicit funds from investors.

As you write the rest of the business plan, keep the distance between your business today and your desired future in mind, and be prepared to show the step-by-step path that will take your business there.

On some level, everything in your plan will let the audience know how your business will make that leap in a way that makes it seem like a foregone conclusion and not just a fantasy.Video: What Investors Really Think About Your Business Plan.At our Entrepreneur magazine Roundtable, financial pros offer tough talk about the business plans of first-time entrepreneurs: Related: What Investors Really Think About Your Business Plan Video: How Can I Hire Someone to Help Write My Business Plan?When you're done coming up with the details of your plan, write the executive summary.This goes at the front of the business plan and gives the reader insight into what the rest of the document will tell them.If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one. You start here, today, with certain resources and abilities.And you want to get to there, a point in the future (usually three to five years out), at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets.You'll also need to describe what you're selling, who your target market is and how you'll market to that audience. For example, you may plan on only marketing locally in your first couple of years to prove that your concept works on a small scale and iron out any problems.By year three, you may plan to build on that with a regional or national campaign, and by year five you'll be selling overseas.Note both your current needs and what you're projecting you'll require over the next five years -- both from the investor you're pitching and a total amount.State how the funds will used -- for example, a capital improvement or expansion overseas -- and how you want to structure the arrangement as a funding source.

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