| You have an idea, but no money yet.
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| | The business will be a home-based
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| Whether it comes from a loan or from
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| | catering company, producing luxury food
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| investors doesnt really make too much
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| | for special occasions such as birthdays
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| difference, since theres one thing that
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| | and weddings. We will provide a
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| they all need to see before theyll give
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| | comprehensive catering service, with a
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| you a cent. This is called a business
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| | special line in cakes, that have a higher
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| plan.
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| | profit margin than other foods.
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| 1. Whats a Business Plan?
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| | Target Market:
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| Think of your business plan as being like
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| | The business is to focus on catering who
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| a list of answers to questions that
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| | want luxury but still care about cost.
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| people might have about your home
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| | To begin with, our target area is within
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| business. You will not get outside
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| | a ten-mile radius of Anytown, to include
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| funding without one, because the people
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| | the affluent area of Othertown.
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| giving you the funding want to know that
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| | Key Factors:
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| youve thought through what youre doing. A
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| | We will use industrial-quality
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| business plan says to them Ive considered
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| | ingredients but provide bespoke-quality
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| this from every angle, and heres what Ive
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| | design and service. This will allow us to
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| come up with.
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| | provide food that looks excellent and
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| 2. But What Should Your Business Plan
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| | tastes acceptable, while keeping costs
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| Include?
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| | low.
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| What is Your Service? This is the first
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| | Expenses:
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| question every business plan should
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| | Since I will be using my kitchen for the
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| answer. Just what is it that you plan to
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| | business and making the food myself,
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| do? Tell them that industry youre going
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| | there are only two real expenses: the
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| to be in, and why youve chosen it.
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| | one-off cost of a larger cooker, and then
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| Who are Your Customers? Once you know
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| | the day-to-day cost supplies. A suppliers
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| what you do, the next thing you need to
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| | letter listing prices is attached
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| know is who youre going to be doing it
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| | enquiries with others in the catering
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| for, and so thats the next thing that
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| | industry have shown this supplier to be
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| should be written on the business plan.
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| | the best value for my business.
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| You should also include your area here.
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| | To finish it all off, you should include
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| What Makes You Different? You need to say
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| | a breakdown of projected profit and loss
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| what the key factors are that make your
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| | per month for the first year of the
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| business different to other businesses in
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| | business, in the form of a graph. You
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| its sector. What is it that youre
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| | would work this out by working out a
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| planning to do to make the business
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| | reasonable repayment of any one-off
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| succeed?
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| | expenses and adding this repayment to the
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| What are Your Expenses? Your start-up
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| | day-to-day expenses, before graphing
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| expenses include any equipment that you
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| | day-to-day expenses against projected
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| need before you can get up-and-running,
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| | sales. Your business plan should show you
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| while your day-to-day expenses are staff
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| | making enough of a profit each month to
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| costs and supplies.
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| | live if you doesnt, then it will be
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| 3. An Example
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| | considered unfeasible by anyone you show
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| Note that this is a very short and sweet
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| | it to.
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| business plan: in real life, each one of
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| | 5. Find Real Business Plans
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| these sections would be closer to a page
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| | Why not look at a real business plan?
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| in length. That said, it is a bad idea to
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| | They're out there on the Internet. Once
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| go into too much detail in your plan.
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| | youve seen a few, you can start to get
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| Youre not trying to tell the reader
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| | some idea of how much work is going to be
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| everything, just the basics of the
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| | involved to write one of your own.
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| business and why they should give you
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| | Remember, until your business exists for
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| money to help you build it. Always focus
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| | real, the business plan is a tool you
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| on profit.
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| | need to constantly rethink and improve
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| 4. The Catering And Cake Company
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| | when new ideas come up to make the best
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| Nature of Business:
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| | out of it when it comes into reality.
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