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Free E-Mentor Business Plan
If you are setting up an E-Mentor business then it is practical for you to write an E-Mentor business plan. If you require capital for your business this will assist you with it and even if you are lucky to have an adequate amount of funds to start-up your own business then a business plan will assist you in your business strategy. This will enhance the likelihood of your business being a hit, which cannot be a bad thing.
Your plan ought to include the following...
E-Mentor Executive Summary
Your E-Mentor executive summary ought to be written last after you have done all the ground work in preparing your business plan - it is after all meant to be a digest of your business. This is the page that ought to grab the attention of the reader and make them comprehend what your E-Mentor business is about. Generally speaking it ought to present the reader three years highlights of your business or longer if you possess a more long term business plan - i.e. when the shareholder(s) are likely to start seeing some profit on their investment. The E-Mentor executive summary should talk about the key protagonists who are going to assist run the business and generate the returns for the investors and if any extra management will be needed in the process. Click here for more free advice on how to write your executive summary.
E-Mentor Objectives
As the executive summary frequently includes the breakdown of the first three years - your objectives should also be set out for your first 3 years of operation - this may be a small number or may well be much more meticulous - it's totally up to you, although having unrealistic goals to accomplish for your E-Mentor business in an unrealistic timeframe will put possible investors off rather than them being impressed at your noble objectives.Read more about business objectives.
E-Mentor Mission
Some people see objectives and mission as the same thing but they aren't - objectives are there for you to meet your mission. The final mission of any business should be to sell it! If you can build your E-Mentor business up to sell it at the same time as retaining some shares then you will have achieved success. To achieve your last mission you will most likely require a quantity of smaller missions - these may perhaps be to attain a certain turnover, to reach a certain number of customers, to wholesale a certain amount 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 tell people how and why your E-Mentor business is going to be a success - if you cannot think of something to enter here then you are relying on a lot of luck. Even if your solution is purely that you are going to work harder than your competitor - then at least that is something...but you will need to back it up with some substantiation in particular if you are looking for funding in your E-Mentor business.
Company Summary
Here you ought to write down a simple construct of your business over the next 3 years unless you have a long term plan.
Company Ownership
Merely record who is going to own the E-Mentor business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's quite regular for someone to have possession of part of a business but hold no voice in how that company is run. You need to reveal 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 E-Mentor business going to be trading from and why are you going to be trading from this place - you may not be capable of giving pinpoint address at this early stage but you need to narrow it down as much as you can, as obviously this will have a critical impact on your company. It is generally effortless to get premises for any E-Mentor business especially in this climate with so many businesses going out of business, but getting the reasonable 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 E-Mentor Business.
Before you can sell any products or services you need to write down precisely all of the equipment you are going to need and if you are going to require any money in order to pay for all of these things. You may possibly require to revise your start-up summary depending on your fiscal condition - so you may have a preference for selected E-Mentor equipment however not be able to have the funds for it until you have sold several units of product / service.
E-Mentor Start-Up Costs
This is a simple record of stuff you need to buy or stuff you can bring into the business if you previously own them before your E-Mentor business can start the ball rolling. If you don't have enough funds you should also include who is going to grant this money to get your E-Mentor business going.
Visit this page for more typical start up costs.
E-Mentor Investment
If you do not have enough money you ought to add in the complete investment you are going to require and in addition include the breakdown of the parties that are going to finance the investment. Add in the equity being given away to fund this or loan agreements in order to finance the agreement. 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 E-Mentor Business.
Useful E-Mentor Resources
E-Mentor Marketing Plan | E-Mentor Equipment | E-Mentor Online
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