Business Idea Archives - earn money online hindi news: Sunnywebmoney.com

SunnyNovember 16, 2018
DB-Logo.jpg

1min130

राज्य के लोगों को 24 घंटे निर्बाध बिजली सप्लाई देने के लिए बिजली कंपनियों ने अगले तीन साल का बिजनेस प्लान तैयार किया है। इस प्लान को स्वीकृत करने के लिए बिहार राज्य विद्युत विनियामक आयोग को प्रस्ताव सौंपा गया है। बिजली कंपनियों के प्रस्ताव पर आम लोगों की राय लेने के लिए विनियामक आयोग जनसुनवाई की तारीख जल्द तय करेगा।

आम लोगों की राय सुनने के बाद विनियामक आयोग अपना फैसला सुनाएगा। इसके बाद साउथ बिहार पावर डिस्ट्रीब्यूशन कंपनी, नॉर्थ बिहार पावर डिस्ट्रीब्यूशन कंपनी, बिहार स्टेट पावर ट्रांसमिशन कंपनी, स्टेट लोड डिस्पैच सेंटर, बिहार ग्रिड कंपनी वित्तीय वर्ष 2019-20 के लिए प्रस्ताव आयोग को देगी। इस पर राज्य के अलग-अलग हिस्सों में आम लोगों के बीच जनसुनवाई करने के बाद विनियामक आयोग अपना अंतिम फैसला सुनाएगा। इस फैसले के अनुरूप 1 अप्रैल, 2019 से 31 मार्च, 2020 तक राज्य के लोगों द्वारा खपत की जाने वाली बिजली का बिल वसूला जाएगा।

24 घंटे बिजली देने का ब्यौरा : वर्तमान समय में बिजली कंपनियों ने वित्तीय वर्ष 2019-20, 2020-21 और 2021-22 का बिजनेस प्लान बिहार राज्य विद्युत विनियामक आयोग को सौंपा है। इस प्रस्ताव में बिजली कंपनियों ने राज्य के लोगों को 24 घंटे बिजली सप्लाई देने, उद्योग का जाल बिछाने के लिए बिजली ग्रिड, पावर सब स्टेशन, डिस्ट्रीब्यूशन ट्रांसफॉर्मर, ट्रांसमिशन लाईन के साथ 33 केवी, 11 केवी और एलटी लाईन की क्षमता का विस्तार करने, जर्जर तार को बदलने, मेंटेनेंस पॉलिसी में सुधार करने के लिए होने वाले खर्च का विस्तृत ब्योरा दिया है।

वित्तीय वर्ष 2019-20 का प्रस्ताव सौंपेगी कंपनी : इलेक्ट्रिसिटी एक्ट के अनुसार अगले तीन साल का बिजनेस प्लान स्वीकृत होने के बाद वित्तीय वर्ष 2019-20 के लिए बिजली दर में संशोधन का प्रस्ताव बिजली कंपनियां देगी। इस प्रस्ताव पर जनसुनवाई करने के बाद आयोग टैरिफ दर अपनी फैसला सुनाएगी।

अभी इस दर से हो रही बिलिंग

शहरी घरेलू उपभोक्ता : 1.83 रुपए प्रति यूनिट राज्य सरकार के अनुदान देने के बाद

1-100 यूनिट 4.32 रुपए

101 से 200 यूनिट 5.12 रुपए

201 से 300 यूनिट 5.97 रुपए

300 से अधिक 6.77 रुपए

ग्रामीण घरेलू उपभोक्ता : 3.50 रुपए प्रति यूनिट राज्य सरकार के अनुदान देने के बाद

1 से 100 यूनिट 2.65 रुपए

101 से 200 यूनिट 2.90 रुपए

200 से अधिक 3.15 रुपए

Let’s block ads! (Why?)


Source link


SunnyNovember 16, 2018
NBT.jpg

1min100

NCLAT ने अल्ट्राटेक का रिजॉल्यूशन प्लान मंजूर किया था, याचिका पर सुनवाई सोमवार को होगी

ईटी ब्यूरो, मुंबई

बिनानी सीमेंट के लिए अल्ट्राटेक का रिजॉल्यूशन प्लान मंजूर करने वाले नेशनल कंपनी लॉ अपीलेट ट्राइब्यूनल (NCLAT) के फैसले को डालमिया सीमेंट (भारत) ने गुरुवार को सुप्रीम कोर्ट में एक याचिका दाखिल कर चुनौती दी। ट्राइब्यूनल ने डालमिया के प्लान को कुछ क्रेडिटर्स के साथ ‘भेदभाव करने वाला’ करार देकर खारिज कर दिया था।

डालमिया सीमेंट (भारत) के ग्रुप सीईओ महेंद्र सिंघी ने ईटी को बताया कि इस मामले पर अगले सोमवार को सुप्रीम कोर्ट में सुनवाई होगी।

NCLAT ने बुधवार को एक आदेश में अल्ट्राटेक का प्लान मंजूर किया था, जिसके तहत देश की यह सबसे बड़ी सीमेंट कंपनी कर्ज से लदी बिनानी सीमेंट को हासिल करने के लिए 7950 करोड़ रुपये चुकाने को तैयार है।

दूसरी ओर डालमिया सीमेंट (भारत) का ऑफर इससे एक हजार करोड़ रुपये से कम यानी 6932 करोड़ रुपये का है। NCLAT ने कहा था कि डालमिया सीमेंट चूंकि (भारत) एक्सपोट इंपोर्ट बैंक ऑफ इंडिया और एसबीआई-हांगकांग जैसे कुछ फाइनेंशियल क्रेडिटर्स को पूरा पेमेंट करने की बात नहीं कर रही है, लिहाजा वह इन फाइनेंशियल क्रेडिटर्स से भेदभाव कर रही है। वहीं डालमिया सीमेंट (भारत) के प्लान में एक करोड़ रुपये से कम बकाया वाले ऑपरेशनल क्रेडिटर्स को पूरा भुगतान करने को कहा गया, जबकि इससे अधिक बकाया वालों के लिए ऐसा ऑफर नहीं दिया गया। दूसरी ओर अल्ट्राटेक ने हर तरह के क्रेडिटर्स को पूरे पेमेंट का वादा किया है।

डालमिया भारत हालांकि अल्ट्राटेक की बराबरी करने या उससे आगे निकलने के लिए अपनी बोली नहीं बढ़ाएगी। सिंघी ने कहा, ‘हमने शुरुआत से ही कानूनी प्रक्रिया का पालन किया है। अब बिड एमाउंट बढ़ाने का कोई सवाल ही पैदा नहीं होता है।’

60 लाख सालाना उत्पादन क्षमता वाली बिनानी सीमेंट पर कई लेंडर्स के करीब 4000 करोड़ रुपये बकाया हैं। पिछले साल जुलाई में रिजॉल्यूशन के लिए इसका मामला एनसीएलटी में रेफर किया गया था। डालमिया भारत ने शुरू में बिनानी सीमेंट के लिए 6932 करोड़ रुपये का ऑफर दिया था। इस तरह उसका ऑफर सबसे ऊंचा हो गया था। शुरुआत में दूसरे नंबर पर रही अल्ट्राटेक ने इससे 200 करोड़ रुपये कम का ऑफर दिया था, लेकिन 8 मार्च को उसने ऑफर रिवाइज कर इसमें 700 करोड़ रुपये की बढ़ोतरी कर दी थी। उस वक्त लेंडर्स ने इसके ऑफर पर विचार नहीं किया और एक हफ्ता बाद 99.43 प्रतिशत की मेजॉरिटी के साथ डालमिया भारत के पक्ष में वोट दिया।

लेंडर्स के इस निर्णय पर मुकदमेबाजी शुरू हो गई। पहला कदम अल्ट्राटेक ने उठाया और उसने ‘बोलियों के मूल्यांकन के ज्यादा पारदर्शी तरीके’ की मांग की। पैरेंट बिनानी इंडस्ट्रीज और अल्ट्राटेक के बीच एक आउट ऑफ कोर्ट सेटलमेंट को जब सुप्रीम कोर्ट ने खारिज कर दिया तो अप्रैल में अल्ट्राटेक ने अपना ऑफर एक बार फिर बढ़ाया और उसे 7900 करोड़ रुपये से ज्यादा कर दिया। अल्ट्राटेक का फाइनल ऑफर 7950 करोड़ रुपये का था।

Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
shutterstock_334729640.png

10min110

A financial business plan is essential to help your small business. These important documents are put together to help your business plan for the future. Make no mistake. This part of your business plan might look like accounting but a financial business plan is designed to look forward.

Here’s how to put one of these plans together.

Important Parts of a Financial Business Plan

First off, it’s important to remember these don’t necessarily follow any kind of sequence. Although they include profit and loss statements, a balance sheet and cash flow statements, you might jump back and forth when you first start putting one of these together.

For example, when you put together a cash flow, the numbers might tell you that you need to go back and rejigger your estimates for expenses and sales.

That said, there are some important benchmarks you’ll need to cover when you’re putting together one of these financial business plans.

Sales Forecast

Using a spreadsheet is the best way to put together a sales forecast. You’ll want to forecast the sales for your small business over the course of three years to attract investors and lenders. For the first year, you want to set up columns for sales monthly. Afterwards, you can go to a quarterly basis for years number two and three.

Expenses Budget

Putting together and expenses budget will help to balance out your sales forecast. In a nutshell, this will tell you how much money it’s costing to produce what you’re selling. This will have a variety of different categories including leased equipment and utility payments. Of course, you can’t forget other items like payroll and rent as well as depreciation on any equipment that you use.

Cash Flow Statement

When you put the sales forecast and the expenses budget together, you get a cash flow statement.

“The cash flow statement is often overlooked but it provides a good summary of what’s going on in the other financial statements. It tracks the changes in the balance sheet as well as incorporates PL and Equity statement items,” Steven Vertucci, CPA Audit Partner ,MaloneBailey, LLP, wrote in an email to Small Business Trends.

This is one of the underpinnings of any financial business plan. It’s the fulcrum that many lenders will look at that you can use to gauge your projected success or failure going forward. The cash flow statement is important to show you where you need to tweak your business model — what you can keep and what needs to be discarded.

It’s based at least partially on all the other elements in your financial plan. Experts suggest that if you have a business that’s been running for a few years, you can use profit and loss statements and balance sheets from the past.

If you’re a start up you need to break down this part of your financial statement into 12-month pieces.

Robert Riordan is a CPA. He also emailed some comments to Small Business Trends on the importance of putting a financial business plan together.

“Learn to go over all the numbers and watch where the expenses are going. Know what a budget is and follow it. Learn how to apply financial ratios to see where your business is going. Try to look at your financial statements every month to see where you are at. Its great information to help you succeed in Business.”

Income Projections

Once you’ve put these pieces of the puzzle together, you can start making some income projections. The idea here is to round up the numbers that you put together in the previous categories. In a nutshell, this is the money that you think your company will make in one year.

It’s important for potential investors, lenders and your own plans as a small business owner.

Projected Balance Sheet

As you’ve probably guessed by now, putting together a good financial business plan is a step-by-step process and it needs to include a projected balance sheet. This is another way that you can cover all the different bases and take educated guesses at your money situation looking forward.

You need to deal with assets and liabilities you haven’t already covered so you can come up with a projected net worth at the end of your fiscal year.

These are all educated and researched guesses about what your money situations going to look like for your small business.  Putting a good financial business plan together gives you a roadmap of the money trends that you can expect.

The idea is to be able to pin down a breakeven point as best as you can. That’s the financial pinnacle where sales equal expenses. If you’re looking for a business loan, investors will be very interested in how all these numbers come together.

Here’s a final piece of advice. Many small businesses put one of these financial plans together and then leave it in a figurative drawer where it’s forgotten. It’s best used as a financial tool and a reference point. In fact, filling in the numbers in some areas like the profit and loss statement monthly and then comparing them to the income projections is a good idea.

Photo via Shutterstock


Comment ▼


Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
n-chandrasekaran.jpg

2min100

रीबा जकारिया/बॉबी कुरियन, मुंबई

देश का बड़ा बिजनस घराना टाटा आनेवाले दिनों में आसमान में यानी एविएशन इंडस्ट्री में भी राज करने की योजना में जुटा है। इसके तहत टाटा संस कर्ज के तले दबी जेट एयरवेज का अधिग्रहण करके सबसे बड़ी एविशन डील को अंजाम दे सकती है। खबर है कि टाटा संस के चेयरमैन एन चंद्रशेखरन शुक्रवार को बोर्ड मेंबर्स के सामने जेट एयरवेज के अधिग्रहण का प्लान रख सकते हैं। अगर जेट में निवेश पर सहमति बनी, तो एविएशन इंडस्ट्री में टाटा का यह अब तक का तीसरा इन्वेस्टमेंट होगा। इसके पहले वह एयर एशिया और विस्तारा में पैसे लगा चुकी है।

अधिग्रहण किस प्रकार होगा, यह फिलहाल साफ नहीं है। हालांकि, टाटा संस की मंशा जेट में 50% से ज्यादा शेयर खरीदकर उस पर मालिकाना हक पाने की है। इसमें चेयरमैन नरेश गोयल के पास 51 प्रतिशत शेयर है। टाटा संस गोयल के पास शेयरों का 25% जबकि बाकी शेयरधारकों के पास की 26 प्रतिशत हिस्सेदारी खरीदना चाहती है। इससे टाटा को जेट में कुल 51 प्रतिशत हिस्सेदारी के साथ मेजॉरिटी कंट्रोल हासिल हो जाएगा।

अभी जेट का मार्केट वैल्यू 2,928 करोड़ रुपये है और इस पर 86 अरब का कर्ज है। टाटा से डील के बाद वह वित्तीय संकट से बाहर आ सकेगी। आर्थिक संकट की वजह से वह अपने कर्मचारियों को सैलरी तक देने में सक्षम नहीं है।

इस डील के बाद देश की एविएशन इंडस्ट्री में टाटा का शेयर बढ़कर 24 प्रतिशत हो जाएगा। बता दें कि जेट एयरवेज के पास अपना कुल 124 जहाज हैं। घरेलू मार्केट में उसकी हिस्सेदारी कुल 16 प्रतिशत और अंतरराष्ट्रीय मार्केट में 14 प्रतिशत है। वहीं, विस्तारा और एयरएशिया इंडिया की डोमेस्टिक मार्केट में हिस्सेदारी 4-4 प्रतिशत है। इन दोनों कंपनियों के इंटरनैशनल फ्लाइट्स नहीं हैं।

कहा जा रहा है कि टाटा विस्तारा और जेट एयरवेज को जोड़ भी सकती है। विस्तारा में टाटा की 51 प्रतिशत और सिंगापुर एयरलाइंस की 49 प्रतिशत हिस्सेदारी है। टाटा-जेट की डील होती है, तो यह पिछली डील्स के रेकॉर्ड तोड़ देगी। फिलहाल जेट द्वारा 2007 में 1,450 करोड़ में एयर सहारा का अधिग्रहण और जून 2007 में एयर डेक्कन का किंगफिशर से 26 प्रतिशत शेयर का सौदा बड़ा माना जाता है। यह डील 2,200 करोड़ में हुई थी।

दरअसल, 1990 के आखिरी दशक में टाटा संस के तत्कालीन चेयरमैन रतन टाटा ने सिंगापुर एयरलाइंस के साथ जॉइंट वेंचर बनाकर एविएशन सेक्टर में कदम रखा था, तब जेट के साथ उसकी तकरार शुरू हो गई। अब चंद्रशेखरन ग्रुप के एविएशन बिजनस एयर एशिया इंडिया और विस्तारा को निखारने में लगे हैं। इसके लिए उन्होंने दोनों कंपनियों में नई लीडरशिप के साथ-साथ फंड भी मुहैया कराया है।

Let’s block ads! (Why?)


Source link


SunnyNovember 14, 2018
Unknown_1542200570647_103214277_ver1.0_900_675.png

5min130

Editor's Note: Denver7 360 stories explore multiple sides of the topics that matter most to Coloradans, bringing in different perspectives so you can make up your own mind about the issues. To comment on this or other 360 stories, email us at 360@TheDenverChannel.com. See more 360 stories here.

First, we got self-serve checkouts at the neighborhood grocery story, then came order-yourself kiosks inside your favorite fast food joint. Now something else is trending: pour-your-own beer.

The unique business model is re-igniting the argument over the idea of machines taking the place of humans.

Denver7 decided to go 360 on the topic. Is this business plan selling convenience and savings, or simply killing jobs?

Self-serve beer stations are popping up everywhere, from big chains like Buffalo Wild Wings to smaller, local establishments.

The process is fairly simple. Customers register, get a card, walk up to a self-serve bar and pour.

Denver7 looked at several perspectives:

  • The developers pitching their technology
  • The bartender who is afraid his job is on the line
  • The businesses using the technology
  • The economist looking at the reality of it all

First, the developers. Their biggest sell is the idea of servicing more people with a lot less staff.

"You have the staff savings,” said Oliver Dunn, regional manager of Pour My Beer, a company that has sold its technology to hundreds of businesses across the world. “What we see, depending on the concept, you know, (is) 20 to 30 percent staff savings."

On the flip side, you have bartenders who make a living behind the bar. Chance Dunston has been a bartender for 15 years at The Rock Restaurant & Bar in Aurora. He said he can make up to $85,000 a year bartending.

“This self-serve thing is going to become a lot bigger and it's very scary to me.,” he said. “It's eliminating a lot of jobs and eliminating a lot of income for families."

Denver7 also talked with Laura Dunston who owns The Rock Restaurant & Bar. She says she takes pride in her neighborhood bar and would never go with the self-serve option. That being said, she said she understands why some businesses would.

“Minimum wage is really high,” she said. “When you have employees getting tipped, plus they make that salary taxes go up — everything goes up."

Then there’s the perspective from a business that actually uses the technology. You can find a self-serve beer wall at First Draft Taproom & Kitchen in Denver’s RiNo district. Staff there said it’s not about getting rid of bartenders, but rather hiring so-called beer ambassadors.

“We're not looking to eradicate a bartender like position,” said Marc Cavender with First Draft Taproom & Kitchen. “We're just looking to make it more about conversation and the experience."

Finally, Denver7 consulted with an economist from the Metropolitan State University of Denver. Professor Alexandre Padilla said machines are indeed taking over some jobs, but when one door closes, another one opens.

“We should not forget that machines need to be built programmed, designed, repaired … and maintained,” said Padilla. “Those give jobs to other workers.”

Let’s block ads! (Why?)


Source link


SunnyNovember 14, 2018
NBT.jpg

1min110

लाहौर, 14 नवंबर (भाषा) पाकिस्तान सरकार ने कहा है कि उसका भारत को व्यापार में सबसे तरजीही राष्ट्र (एमएफएन) का दर्जा देन की तत्काल कोई योजना नहीं है। पाकिस्तान के प्रधानमंत्री के वाणिज्य, कपड़ा, उद्योग और निवेश पर सलाहकार अब्दुल रजाक दाऊद ने यह पूछे जाने पर कि क्या सरकार भारत को एमएफएन का दर्जा देन और भारत सरकार के साथ शांति वार्ता शुरू करने पर विचार कर रही है, कहा, ‘‘फिलहाल ऐसी कोई योजना नहीं है।’’ दाऊद ने मंगलवार को यहां एक कार्यक्रम में कहा, ‘‘फिलहाल हमारी भारत को एमएफएन का दर्जा देने की कोई योजना नहीं है।’’ हालांकि, उन्होंने कहा कि पाकिस्तान विभिन्न देशों के साथ मुक्त व्यापार करारों (एफटीए) पर काम कर रहा है, विशेषरूप से चीन के साथ। उन्होंने उम्मीद जताई कि चीन के साथ दूसरा एफटीए जून, 2019 तक पूरा हो जाएगा। पाकिस्तान ने भारत को अभी तक व्यापार में सबसे तरजीही राष्ट्र का दर्जा नहीं दिया है। पाकिस्तान की 1,209 उत्पादों की नकारात्मक सूची है, जिनका आयात भारत से नहीं किया जा सकता। विश्व व्यापार संगठन (डब्ल्यूटीओ) के नियमों के अनुसार डब्ल्यूटीओ के प्रत्येक सदस्य को अन्य सदस्य देशों को यह दर्जा देना होता है। पाकिस्तान सहित अन्य सभी सदस्य देशों को भारत यह दर्जा पहले ही दे चुका है।

Let’s block ads! (Why?)


Source link


SunnyNovember 13, 2018
allen.gif

21min110


Entrepreneurs often overlook the importance of having a comprehensive business plan. There are multiple reasons for this oversight.

The most common is that they underestimate the value placed on a quality business plan by the investor community. Another is that they fail to understand the value inherent in the analysis of the business model with respect to the predictive accuracy of the financial modeling contained within the plan.

In this article I will discuss the reasons why having a good business plan matters, and what should be included within the plan, depending on the specific purpose and intended use of the plan.

I have been writing business plans for many years. It is not uncommon that I write a plan, only to determine that the business model, as envisioned by the entrepreneur, is not viable — it just doesn’t pencil out financially.

Despite the understandable disappointment of the entrepreneur, I always explain that it is far better to find out that the business, as anticipated, will not work, than to place capital at risk — the entrepreneur’s money, or the bank’s or investors’, only to realize too late that the business will inevitably fail.

Often, if the initial business model that the entrepreneur has formulated will not work, there are adjustments that can be made to the operating model that will address the deficiencies, to allow the business to move forward.

Again, it is far better to know up front that these changes are necessary, rather than getting six or 12 months down the road, only to realize things are not working and then having to make a painful and costly pivot.

Before beginning the process of writing a business plan, it is important to know the purpose of the plan. There are two basic reasons to write a plan, and they are not mutually exclusive.

The first is to secure funding, and the second is to determine if the business model is viable (as stated above), and if so, to have a detailed roadmap to follow, to build a successful business.

With regard to funding, it is important to know what the target funding source or sources will be. If the source of funding is expected to be a bank loan, such as an SBA loan, there are specific things that banks need to see within the plan, and particularly within the financial model, that must be included, or the chances of securing a loan will be greatly diminished.

Likewise, if funding is expected to come from investors, there are specific elements that investors expect to see, and if they are absent, investors will view this as a huge red flag, and will likely pass.

Knowing your audience, not only up front, as you develop your strategy for writing your plan, but also throughout the entire plan-writing process, will greatly improve your chances of successful fundraising.

If the main purpose of writing the business plan is for strategic planning — building a detailed roadmap to follow as you build the business, then you will want to write the plan with this goal in mind.

The key elements of the plan should include those key aspects of building the business, including specific milestones with timelines to achievement of each, that the entrepreneur feels are critical to success.

Once the main purpose for writing the plan, and the related elements necessary to write the plan according to that purpose have been outlined, the entrepreneur needs to know the basic sections that every plan must include.

These basic main sections are part of every well-written, comprehensive business plan. Based on the main purpose of the plan, additional details, and possibly additional full sections of the plan, will need to be added to create an effective tool for its intended purpose.

Main Business Plan Sections

The order of the basic sections of the business plan are not all that important, except that you should always include an executive summary at the beginning of the plan. This is the section you will write last, as it is a summary of all of the other sections of the plan (plus some additional information that should be included).

In order the write the executive summary, you must have written all of the other sections of the plan, and you must have completed your financial model with all relevant summary tables.

Every well-written business plan must include at least the following basic sections. Again, the order is not all that important, although I am presenting them here in the order that I typically use.

Depending on the type of business, the industry within which it will operate, the audience and other factors, the entrepreneur may want to alter the order of the sections to include those most relevant sections earlier in the plan format.

I always include a cover page that includes the company name and logo, if one has been created, and some kind of imagery or artwork that reflects the type of company, product or service, industry, technology, etc., to set the expectations of the reader onto the right path. First impressions definitely matter.

I also include a disclaimer/safe harbor statement. The wording of these should be carefully crafted, and they are far from fool-proof, but they will provide a reasonable level of protection. (A qualified attorney can assist with this aspect of the plan.)

I typically include a confidentiality/nondisclosure agreement, although most investors refuse to sign these. The entrepreneur must decide, based on the content of the business plan, if an NDA is essential. (More on this below.)

» Company Description — The first main or basic section of the business plan, after the executive summary, is the company description or company summary.

In this section, you should outline the legal structure of the company — corporation, LLC, LP, etc., company history, ownership, values, mission statement, vision statement and any related descriptive information about the company that is relevant to the target audience.

» Product/Service Description — The next section I include is the product or service description. Here, a detailed description of the product(s) or service(s) should be outlined.

If the company owns any intellectual property, this is a good place to include it if it relates to the product(s) or service(s) of the company. If the IP relates to a core technology, process, etc., of the business, then it could be included in the company description section.

The entrepreneur must decide how much information to include about the IP. This relates back to the NDA issue — if you do not anticipate that readers will voluntarily sign NDAs, and you have valuable IP you need to protect, you will not want to disclose that information. You can reserve it for one-on-one meetings or conversations, or secure an NDA before releasing that specific information.

If you have revenues, you may want to include historical sales results by product or service, or by product or service category. If advantageous, you could also include pricing, profit margins, growth rates for revenues and the like.

For most new businesses, this is the section where you can make your case that your product or service is revolutionary, disruptive, niche market, critical to some other product, service, or process, and generally valuable and likely to sell well. Potential funders are typically focused on two areas — the product or service, and the people, so these two sections (People will be addressed below) are where you need to really shine and stand out.

» Management Team — In this section, the entrepreneur will outline the value proposition of each key team member. For new or newer businesses, there are often gaps in the team. This is to be expected and is not a deal killer.

However, to the extent that you can identify these gaps, and provide a reasonable gap filler, you can reduce or remove potential red flags.

The use of advisers, mentors, board members and consultants can provide effective gap fillers. Having a lead investor who is also highly experienced and skilled in the specific industry, or with the specific product or service, can go a long way toward alleviating any negative perceptions stemming from gaps in the team.

The typical information to include here is biographical — education, experience skills, etc., but targeted toward the business, product or service.

Each team member bio should be written succinctly, and should be highly focused on driving the success of the business. As the question; Why was this specific team member chosen for this team?

» Industry Analysis and Competitive Comparison — This is probably the most difficult section to write, other than the financial analysis (see below). Market research can be difficult or impossible to find, especially if the business has a completely new product or service so that there is no available market research or competitors to discuss.

However, every product or service sells into a specific market or to a targeted consumer.

The entrepreneur may need to get creative with regard to finding relevant information. The objective with this section is to discuss the potential market for the product or service, and the potential competitors that can affect the chances for success for the company.

If the product or service is already generating revenues, an analysis of the current and projected market share secured and anticipated can provide visibility.

There are many research services available that generate detailed reports on industries, but for U.S.-specific industries and global reports. These can be expensive to buy, and there is also a lot of free information available on the Internet.

Some entrepreneurs may be able to conduct their own specific market research through a variety of efforts, including surveys, interviews or questionnaires of potential consumers, focus groups, pilot sales in a target market that offers a high percentage of targeted consumers, crowdfunding campaigns and the like.

Money is usually the constraint for these activities, but they can be highly valuable and relevant to potential funders, so it is worth taking some time to create a strategy for securing this information. Summarizing this information should be well-planned as well. The use of tables, graphs and other organizational tools can help.

Competitor information can also be very difficult to secure. Most competitors, particularly for newer technologies, or product or service categories, will be private companies, which typically do not release much, if any, information to the public. As a result, it is virtually impossible to gather any specific data on them.

Public companies are much easier, since they are required to file at least quarterly data with the SEC. The entrepreneur must gather as much information as possible in this area because potential funder will want to know.

» Facilities and Operational Plan — In this section, which is a very important one for entrepreneurs in our local market, the details of the physical facilities required to operate the business are outlined.

I typically include a five-year financial projection (see the next section), and part of that forecast includes projecting the current and future facilities needs and costs. The operational plan includes expected employee and contractor/consultant costs for the five-year projection period, along with any equipment, or other significant expected expenses.

This section really shows the potential funders of the business that the entrepreneur has done his or her homework, and fully understands, to the extent possible, what it will take from a financial standpoint, to build and run the business.

» Financial Analysis — This is probably the most important section of the business plan. A minimum of three years of financial projections should be included, and I usually work with a five-year projection.

At minimum, there should be annual profit & loss statements, income statements and statement of cash flows for each year represented. This is the bare minimum, and I often include additional tables and details, such as monthly or quarterly projections for each of those major statements, supporting tables with projections for employee costs, facilities costs, break-even analysis, product or service pricing and profitability details, etc.

The choice of what to include will depend to a degree on the type of business, product or service. If historical financials are available, I also include those, showing them as the starting point for the projections.

When creating the financial forecast, there are many assumptions that must be included. These assumptions should be realistic, and should be based on reliable data, to the extent possible, or reasonable estimates for the key inputs.

This is the area where savvy investors will dig in, so it is best to have a ready answer for each key assumption. Including those assumptions in a separate table is a good idea, especially if you can justify your choices.

Investors tend to see red flags when reviewing projections, and this can be where the entrepreneur loses the interest of those investors, so to the extent that these potential red flags can be eliminated or mitigated, it is best to do so.

Anticipating where a potential funder may take issue with a key data point, and addressing that issue effectively, can make all the difference.

Once these main sections are complete, as stated above, the writer must then write the executive summary. This first section must include a succinct, but detailed summary of each main section to follow.

Often, potential funders only read the executive summary, and if they don’t immediately like what they see, they will stop reading. Only if they are intrigued by the executive summary will they venture into the other main sections for more detail.

It is absolutely critical that the executive summary is well written, and compelling. Thus, this is arguable the most important section of the business plan.

As mentioned above, these are the basic sections that every business plan should contain. Additional sections may be required, or may add significant value, depending on the business model, and the purpose of the plan.

Keep in mind that a good business plan is a dynamic document, meaning that it is not static, and should be updated regularly as the business grows over time, to accurately reflect the changing operating environment and the performance of the business.

The financial model, of course, must also be updated to reflect those changing conditions.

Hopefully, this article will help entrepreneurs gain a better understanding of the importance of a well-reasoned, well-written business plan, and the required components of a good plan. I wish you great success with your project!

Craig Allen, CFA, CFP, CIMA, is president of Allen Wealth Management, and has been managing assets for foundations, corporations and high-net worth individuals for more than 25 years. He can be contacted at .(JavaScript must be enabled to view this email address) or 805.898.1400. Click here to read previous columns or follow him on Twitter: @MPAMCraig. The opinions expressed are his own.

Let’s block ads! (Why?)


Source link



Sunnywebmoney.Com


CONTACT US




Newsletter


Categories