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Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan. The primer below is meant only to explain the broad differences between the most common company types.
So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions — such as the roof over your head.
Partnerships A partnership, according to the IRS: Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the company.
Corporations A corporation is a separate legal entity owned by shareholders.
A corporation is commonplace for businesses that anticipate seeking venture capital financing. S-Corporations You can elect a special tax status with the IRS to have your corporation not be taxed at the corporate level instead, it would be taxed as a pass-through entity.
If you have not yet incorporated Describe the type of company you plan to open, along with the registered name you plan to use. Explain your rationale — for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on this legal structure.
Management Team For start-ups, and especially those seeking financing, the Management Team section is especially critical. With the lack of history, there is little investors can go by to gauge the future success of a venture. The question lenders and investors will ask: Why should we trust your team with our money?
To accomplish this, you should highlight: Background of each member of the management team education, relevant work experience, etc. Roles and responsibilities within the company.
For established businesses If you have an established business the information you want to present is the same. Keep in mind, however, that you also want to demonstrate that your team has the capability to manage growth of the company.
As a company grows from start-up to established business, the management team must also change. What is a Board of Directors? In a publically trading company the Board of Directors is elected by the shareholders and is the highest authority in the management of the company.
For our purposes context of a private company that is most likely a startup or small but growing businessa Board of Directors is comprised of investor sfounder sCEO and independent board member s who have substantial business and industry experience.
What is an Advisory Board? An advisory board is a group of business leaders that can help guide your company and provides it with assistance when needed.That said now here is a sample gas station business plan; A Sample Gas Station Business Plan Template.
Gas Station Business Overview; A gas station which also called a petrol station, filling station, fueling station, or service station is a business facility which retails gasoline (petrol), diesel and lubricants for motor vehicles. Tips. The strategic plan is not set in stone. As the business grows, goals can change, which could ultimately change the mission and objective of the business.
BALANCED SCORECARD SOCIETY FOR PEDIATRIC DERMATOLOGY | BALANCED SCORECARD 1 | Page INTRODUCTION TO OUR BALANCED SCORECARD The balanced scorecard (BSC) is a strategic planning and management system that is used extensively in business and industry.
Sep 25, · How to Write a Growth Plan. In this Article: Analyzing Growth Opportunities Drafting Your Growth Plan Securing Financing Community Q&A If you’re lucky, your business will grow without much effort.
However, most business owners need a plan. WHO Library Cataloguing in Publication Data Strategic Plan for Strengthening Health Systems in the WHO Western Pacific Region. 1. Health systems plans. Pioneer Consulting advertising marketing consulting business plan executive summary.
Five MBA graduate students are founding Pioneer Consulting offering their marketing and advertising knowledge, skills, and learning to small start-up businesses.