“Your Business Plan Is Your Map to Success”
Preparing a business plan is often a difficult task. Your business plan is the playbook from which your enterprise will derive from and grow. It is also the way to attract investors, acquire loans and lay the groundwork for your operation. You will constantly be making changes to your plan throughout development. Using your plan will, therefore, focus your energy in the right direction.
Following your plan
JV Business Solutions has proven strategies so you can grow into a successful entrepreneur. Your plans will change as your business evolves and grows. Each entrepreneur will have a different vision for their dream business. Your business plan is a detailed document showing you the needs and goals you will have during the business’ lifetime.
Whether you are a start-up or already existing hospitality business, your business plan is one of the most integral parts of the process of being successful. You may need to apply for additional financial assistance, this plan is the first document requested in that process.
Defining the problem you are solving for your customers is far and away the most critical element of your plan and crucial for your business success. If you can’t pinpoint a problem that your potential customers have, then you might not have a viable business concept.
Time management will become very important to drive your attention and effectively apply your resources as per your plan. The question is, do you have enough time to do this alone? Sometimes you just can’t seem to express your dream or vision of your business on paper. Let us assist you in compiling the best possible business plan for your restaurant or pub.
To ensure that you are solving a real problem for your potential customers, a great step in the business planning process is to get away from your computer and actually go out and talk to potential customers. Validate that they have the problem you assume they have, and then take the next step and pitch your potential solution to their problem. Is it a good fit for them?
Business Plan should include the following:
- Executive Summary – Brief description of your business plans and goals including financial data.
- Company Description
- Market Analysis & Strategy – Marketing and advertising research
- Production and Operation – Venue design, employment needs
- Management Personnel
- Financial Statements
- Cash Flow Projections
- Income Statements
- Pro Forma Statement
- Sales Projections – Product research must be used in conjunction with a cost analysis to formulate
- Capital Sources and Applications
For a more indepth look at the 9 essential parts of any business plan – Click Here
Services we offer:
Full Formal Business Plan Writing (for investors & banks)
Short Business plan (for internal use)
One Page Elevator Pitch: a short description of your concept and idea to pitch to potential investors.