Your Questions About Internet Business Plan

Jere answers:

At the risk of sounding flippant, it sounds like you have an internet business IDEA, not a PLAN. If you had a business plan, it would include the actions steps to implement your idea. If you look in my answer Source, you will see the program I used to get a complete A-Z internet marketing education and start one of my online businesses in just one month while working in my spare time.

Good luck!

Jere answers:

Try the following sites.

Jere answers:

According to the book “The ABC’s of Writing Winning Business Plans: How to Prepare a Business Plan That Others Will Want to Read — and Invest In” http://www.amazon.com/exec/obidos/ASIN/0446694150/powerhomebizguid by Garrett Sutton, below are some tips to make a winning business plan that can get funding:

– Money follows management. Investors look first at the people involved in the company. If you are just starting out and don’t have relevant experience, investors expect to see that you have an experienced team of advisors and employees helping you in the business.

– Make sure you “sell” the one reason your business will become profitable.

– State clearly the strategies you will employ to get the word out about your business. Your business plan must show how you will leverage the Internet, public relations, viral marketing, and other strategies to attract customers.

– Present realistic estimates of the time, energy and costs of building a successful business. Do not underestimate or overestimate revenues. While investors know your numbers are simply guesses, they want to see that your numbers are within the “range of reality.” Be careful of your financial statements: this is one area where you can easily lose credibility if presented poorly.

– Benchmark similar companies to show that you’ve done your homework and researched the market.

– Your Executive Summary is your calling card. If it is not a winner, investors may not even read your entire plan. Emphasize your own as well as your team’s track record in the Executive Summary.

– Before sending your business plan to lenders and investors, send it out first to a few in order to get feedback. You’d want to correct your plan if someone tells you that you’re way off mark, rather than have a potential investor tell it to you and lose the chance to get the funding you need.

Here are some resources that can help you write your business plan:

– SBA Business Plan Basics http://www.sba.gov/starting_business/planning/basic.html
– PowerHomeBiz.com Creating a Business Plan section http://www.powerhomebiz.com/startup/businessplan.htm
– Entrepreneur.com Writing a Business Plan section http://www.entrepreneur.com/bizplan/0,7253,,00.html

You may also want to review some sample business plans to see how it actually looks like:

– Bplans.com http://www.bplans.com/sp/businessplans.cfm
– MOOT Corp Business Plan competition winners
http://www.businessplans.org/businessplans.html
– VFinance – View hundreds of real business plans in pdf format. Http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp
– Business Owners Toolkit Sample business plans and information on how to create a plan. Http://www.toolkit.cch.com/tools/buspln_m.asp
– PlanWare Planning software and information. Http://www.planware.org/
– Virtual Business Plan Walk through the design of a business plan. Http://www.bizplanit.com/vplan.html
-SBA Business Planning Guide http://www.sba.gov/starting_business/planning/basic.html
– Small Business Advancement Center http://www.sbaer.uca.edu/business_plan/businessPlan.pdf
– Sample Business Plan General planning guide created by the Canadian Business Service Center. Http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_FE/display&c=GuideFactSheet&cid
– Business Plans Index – A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh. Http://216.183.184.20/subject/business/bplansindex.html

Some recommended books are :

– Business Plans Kit for Dummies
– The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan
– Writing Business Plans That Get Results : A Step-By-Step Guide
– Business Plans For Dummies®
– Your First Business Plan : A Simple Question and Answer Format Designed to Help You Write Your Own Plan

Jere answers:

As a computer business consultant, I have had the privilege of helping quite a few online companies go through the business plan phase of start up. I recommend this software package from Palo Alto as it does a great job for a do it yourself-er. It has 500 templates to choose from.

They even have state and county wide market research on marinas in your area. Http://www.paloalto.com/market_research/?affiliate=sequimpc

I am making the assumption that if you are going to put out the money to open a marina, $300 is within your budget.

TOP TEN DO’S

1. Prepare a complete business plan for any business you are considering.
2. Use the business plan templates furnished in each session.
3. Complete sections of your business plan as you proceed through the course.
4. Research (use search engines) to find business plans that are available on the Internet.
5. Package your business plan in an attractive kit as a selling tool.
6. Submit your business plan to experts in your intended business for their advice.
7. Spell out your strategies on how you intend to handle adversities.
8. Spell out the strengths and weaknesses of your management team.
9. Include a monthly one-year cash flow projection.
10. Freely and frequently modify your business plans to account for changing conditions.

TOP TEN DON’TS

1. Be optimistic (on the high side) in estimating future sales.
2. Be optimistic (on the low side) in estimating future costs.
3. Disregard or discount weaknesses in your plan. Spell them out.
4. Stress long-term projections. Better to focus on projections for your first year.
5. Depend entirely on the uniqueness of your business or the success of an invention.
6. Project yourself as someone you’re not. Be brutally realistic.
7. Be everything to everybody. Highly focused specialists usually do best.
8. Proceed without adequate financial and accounting know-how.
9. Base your business plan on a wonderful concept. Test it first.
10. Skip the step of preparing a business plan before starting.

Jere answers:

It’s easy. Ffind a bunch of trial lawers that can drive fast. Tell them they get 10 bucks for every person they pick up and drive to the hospital. Watch the money roll in!

Seriously, here is a site that has free business plans you can look at to get an idea.

Http://www.allbusiness.com/business-planning-structures/business-plans/2976247-1.html?yahoo=free+sample+business+plans&OVRAW=free%20business%20plan%20samples&OVKEY=free%20sample%20business%20plan&OVMTC=standard