S tarting a business is challenging. Without a proper plan,
it can also be risky. A good business plan is not just a mission
statement: it spells out how the business will make money and
grow, including what services or products it will provide, what resources it will need to provide them, how much initial investment is required and how it will be obtained, what its operating costs will be, and what its market is like.

To help people who want to start their own business, KRBA offers the Business Plan Packet, which includes a business plan template and a series of spreadsheets for calculating and presenting the business’s projected cash-flow and assets.

Business Plan Template

The Business Plan Template is a 14-page, fill-in-the-black style template that can guide you through the important parts of a good business plan. It consists of 10 sections (plus an appendix) and includes helpful examples.

Sections:

• Executive Summary
• Business Description
• Industry Analysis
• Market Analysis
• Product Development
• Operations Checklist
• Management & Organization
• Consultants and Advisors
• Legal Issues
• Financial Projections
• Appendix (for attached documents like loan applications and references)

Financial Spreadsheets

The Business Plan Packet includes a series of spreadsheets on which you can record and calculate your business’s cash-flow and balance on a month-by-month basis. Types of spreadsheets included:

• Profit & Loss Projections, including sections for sales, cost of sales, variable and fixed expenses, and taxes, with specific expense-categories like “Advertising” and “Payroll”, all on a month-by-month basis.
• Cash Flow, including specific expense-categories and entries for not only initial cash but also loans and sales, all on a month-by-month basis.
• Balance Sheet, including sections for current and fixed assets, intangibles like patents and trademarks, current and long-term liabilities, and stockholder’s equity.
• Break-even Analysis
• Source & Use Statement, including entries for various type of sources of funds and various expense-categories.