A Worthy Business Plan is the one that accurately presents all the pros and cons of starting a business. It should also include all possible outcomes of starting that particular business including the possibility of closure of business.
When submitting a business plan to a lender or investor, it is important to include a business plan cover letter that is addressed to the person who will review the business plan.
People starting a small business may spend hours preparing their business plan, but not give much thought to the cover letter. This is a mistake. The cover letter is an integral part of the plan.
Even if the applicant knows the lender, they should still submit a formal business plan with cover letter. If they do not know the lender, they should remember that the lender will judge them by the content and tone of the letter.
It should state right at the beginning that a business plan is attached, and that the applicant is applying for a business loan to start or develop a business.
It is important to state clearly the benefits for the bank or investor. They need to believe there will be a good return on their investment, or that the loan will be repaid on time.
It can relate some marketing facts, focus group responses, demographic data or other key statistics from the business plan, but it should not be overloaded with these facts. It can have just enough to present the business as viable and show that the applicant has done his or her market research.
The rest of the statistics are in the plan. There should also be a brief mention of the financial position without going into too much detail.
The letter can mention how much has already been invested in the business, and what profits are projected for the next year or two.
As a methodical Strategic Planner I use my analytical skills and dedication to creating the most efficient plan to develop strategic methods that add to the company’s bottom line. Vacation Leave Letter; Business Contract Termination Letter; Home > Cover Letters > Cover Letters Misc > Strategic Planner Cover Letter Sample. Resume Tools. Introduction to Strategic Planning. If you don't know where your business is going, any road will get you there. What is a Strategic Plan? Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That's why a business review or preparation of a strategic plan is a. Jun 29, · The business plan and proposal often have overlapping segments but they serve two very different purposes. Having a big picture business plan and specific proposals for strategic .
This will show the lender or investor that the business is worthwhile. Here is an example of a business plan cover letter.
It should be personalized for each lender or investor to whom it is sent.Jun 28, · A strategic business plan considers how a company plans to succeed with its mission. Although strategies are considered "high-level" concepts, .
Our latest thinking on the issues that matter most in business and management. Here are some Sample Business Plan Templates created using MS Word to fulfill everyone’s purpose if they wanted to write a Business Plan. A Worthy Business Plan is the one that accurately presents all the pros and cons of starting a business.
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