Do you think you have found it?

 

If you feel that you have found the right franchise for you...the one that you are so excited to get started with, you just have to do everything right now franchise, then you will need a business plan to take to the bank.

                                                                                                                                   

Now the work begins. Unless you are paying cash for your new business, you will be approaching a lender or two, and asking them to give you their money. Kinda scary, huh?

Being a franchise industry veteran and insider, I help a lot of people get into franchise-type businesses of their own. I also work with a lot of banks. Banks see things in black and white. They read your credit report. They read your formal loan application. But, do you know what they really like to read?

                       

        Here are 7 things to include in your plan:

• Executive Summary--features the highlights of your plan and sells your idea in two pages or less.

• Company Summary--a factual description of your company, ownership, and history.

• Products (or Services or both)--describes your products and/or services and how they stand out from competitive products and services.

• Market Analysis-provides a summary of your typical customers, competitive landscape, market size, and expected market growth.

• Strategy and Implementation-describes how you will sell your product, how you will put your plan into action, and establishes milestones.

• Management Summary-provides background on the management team, their experiences, and key accomplishments.

• Financial Plan-contains key financials including sales, cash flow, and profits.

       

Bankers love reading business plans, because the good ones always tell a story. Do you know how to tell your story?

When you go apply for your business loan, you can either go in prepared, or unprepared. Your choice.

Here is what unprepared looks like:

 

    

            

                                    

This is what prepared looks like!

Here is what people say about Palo Alto's Business Plan Pro Software:

"I made my first presentation to Fleet Bank with my Business Plan Pro business plan on Friday. The bank official said it was one of the most professional presentations he has ever seen. He said that he has loan requests for $5 million that aren't as detailed and well presented. Thanks again."
- Howard Lefkowitz
The Athlete's Foot

"We tell our students and entrepreneurs both not to reinvent the wheel, use Business Plan Pro so they can concentrate on the content of their plan and not worry about the mechanics."
- Jeffrey Bernel
Program Director
Gigot Center
University of Notre Dame

"I cannot think of any other software product on the market that is as useful and beneficial to new business owners as Business Plan Pro."
- Carolyn Cole
Vice President
Pacific Continental Bank

You should do everything in your power to present your new business to a banker in a positive light. Doing it without a business plan decreases your odds of obtaining that loan. Presenting your dream to a banker with a comprehensive business plan increases your chances.

Buy This Software, and do your Franchise Biz Plan the right way....