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While the specifics of your actual startup will differ, the elements you'd want to include in your restaurant's business plan are likely to be very similar.Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word.
Looking at examples can help you visualize what a full, traditional plan looks like, so you know what you're aiming for before you get started.
Here's how to get the most out of a sample plan: You don't need to find a sample business plan that's an exact fit for your business.
You'll also look at where you stand among your competition (and everyone has competition), and lay out your goals and the milestones you'll need to meet.
Looking at a sample plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt.
If you want to learn more on this subject, I have published a post you can read on this topic that outlines seven key steps to getting a small business loan.
From my own experience of working in the community banking sector, I can wholeheartedly say that a lackluster or inaccurate business plan is the easiest and quickest way to get your SBA application refused.
This will need to account for previous trading figures if you are an existing business; the income statement, cash flow projection, and balance sheet will need to be in order.
You will also need to outline the market figures along with any growth potential.
This again will need to cover the short and the long-term. ), then you might want to consider hiring someone (such as myself) to write an SBA business plan for you or help you get the right tools to be able to do this for yourself.
If you are established as a business, or you are in the start-up phase, then you absolutely need a business plan.