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Free Korean Food Restaurant Business Plan
If you are setting up a Korean Food Restaurant business then it is wise for you to put in writing a Korean Food Restaurant business plan. If you want capital for your company this will help you with it and even if you are fortunate to have enough funds to start-up your own business then a business plan will support you in your business approach. This will improve the chances of your business being a hit, which cannot be a bad thing.
Your plan should involve the following...
Korean Food Restaurant Executive Summary
Your Korean Food Restaurant executive summary ought to be written at the end (although must appear first in your plan) after you have done all the ground work in preparation of your business plan - it is after all intended to be a summary of your business. This is the page that ought to grab the interest of the reader and make them value what your Korean Food Restaurant business is concerning. Commonly it ought to give the person who reads it three years highlights of your business or longer if you come up with a more long term business plan - i.e. when the financier(s) are apt to start seeing some revenue on their investment. The Korean Food Restaurant executive summary ought to refer to the major leading roles who are going to assist run the business and produce the takings for the investors and if any new management will be needed in the procedure. Click here for more free advice on how to write your executive summary.
Korean Food Restaurant Objectives
As the executive summary typically includes the breakdown of the first three years - your objectives must also be set out for your first 3 years of operation - this may well be a small number or may possibly be a great deal more thorough - it is entirely down to you, on the contrary having unrealistic goals to attain for your Korean Food Restaurant business in an unrealistic timeframe will put possible investors off rather than them being impressed at your elevated objectives.Read more about business objectives.
Korean Food Restaurant Mission
A number of people see objectives and mission as identical things but they aren't - objectives are there for you to meet your mission. The final mission of any business ought to be to sell it! If you can build your Korean Food Restaurant business up to sell it whilst keeping a quantity of shares then you will have achieved success. To reach your last mission you will probably require some smaller missions - these may be to reach a certain turnover, to reach a certain quantity of customers, to retail a certain number of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You ought to advise people how and why your Korean Food Restaurant business is going to be a winner - if you cannot think of something to record here then you are doomed. Even if your remedy is simply that you are going to put more effort in than the next person - then at least that is something...but you'll need to back it up with some substantiation in particular if you are looking for funding in your Korean Food Restaurant business.
Company Summary
Here you ought to compose a simple structure of your business over the next three years unless you have a long term plan.
Company Ownership
Merely put in writing who is going to own the Korean Food Restaurant business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite normal for somebody to own part of a business but hold no say in how that business is run. You need to display if the business is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Korean Food Restaurant business going to be trading from and why are you going to be trading from this position - you might not be capable of giving pinpoint address at this primitive stage but you have to narrow it down as much as you can, as clearly this will have a powerful effect on your business. It is usually easy to get premises for any Korean Food Restaurant business in particular in this climate with so many businesses folding, but getting the appropriate business premises for the right money is a different prospect entirely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Korean Food Restaurant Business.
Before you can plug any services or products you need to write down exactly all of the things you are going to need and if you are going to need any investment in order to pay for all of these things. You may perhaps need to tone down your start-up summary depending on your financial position - so you may well have a preference for specific Korean Food Restaurant equipment but not be able to manage to pay for it until you have sold a few units of product / service.
Korean Food Restaurant Start-Up Costs
This is a up-front record of things you need to buy and things you can bring into the company if you already own them before your Korean Food Restaurant business can come into being. If you do not have enough funds you should also incorporate who is going to offer this money to get your Korean Food Restaurant business going.
Visit this page for more typical start up costs.
Korean Food Restaurant Investment
If you do not have adequate money you ought to bring in the full amount of investment you are going to require and also include the breakdown of the parties that are going to bankroll the investment. Add in the equity being given away to fund this or loan agreements in order to finance the contract. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Korean Food Restaurant Business.
Korean Food Restaurant Business Plan Page 2
Useful Korean Food Restaurant Resources
Korean Food Restaurant Marketing Plan | Korean Food Restaurant Equipment | Korean Food Restaurant Online
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