Building Better Business Plans

Building Better Business Plans

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Business Plan Outline

  1. Description of the Business  
  2. The Industry  - the specific products or services of your business  
  3. Market Share - how dominant a product or service is within an industry  
  4. The Competition - other companies in the same business  
  5. Supply and Chain Distribution Options  - find your suppliers  
  6. The Customers  - demographics, lifestyle  
  7. Financial Data - balance sheets, profit & loss statements 

 


 

How do I find information about my industry?

 


 

What is market share and how do I find it for my product?

 


 

How do I find out about competition? 

  • Search Austin American-Statesman using Factiva, which contains full-text articles that can be a good source of company and industry information in the Austin area. ClickSource, then select Austin American-Statesman
  • AtoZdatabases - Search business listings by, industry, geography, sales and employee size. You can also find new businesses in your area. 
  • Regional Business News - Covers about 75 publications that include business news from rural and metropolitan areas of the U.S. 
  • Austin Business Journal - Includes full-text articles and an archive.

 


 

How do I find my Supply Chain & Distribution Options?

 


 What are the best sources for demographic and lifestyle information?

 


 

How do I find financial and cost information? 

  • Factiva  - Look under the "Companies/Markets" tab, conduct a "Company Snapshot" search for a company, then select "Reports" to bring up a "Ratio Comparison Report" that includes financial ratios.
  • Financial Studies of the Small Business - Arranged by asset size and establishment type; financial and operating ratios are provided for about 50 lines of small business and manufacturing. 
  • Fintel Industry Metrics provides financial data for over 2,500 industries.  This information is useful for people needing financial information before starting a small business or writing a business plan. 
  • Industry Norms and Key Business Ratios - Financial ratios are displayed for over 800 lines of business. 
  • RMA Annual Statement Studies  - Financial and operating ratios for more than 400 lines of business whose total assets are less than $250 million. 
  • Bureau of Labor Statistics National Compensation Survey

 


 

Free Business Plan Templates

  • Business Planner from Purdue University, allows users to format a business plan using a question and answer format. 
  • Create a business plan online with Bplans from PaloAlto Software. 
  • MasterCard Working for Small Business has a step-by-step online Business Plan Workbook that presents the components of a good plan, with in depth explanations of ratios. 
  • The SBA outlines the entire business planning process with their Small Business Planner
  • The Tactics of Creating a Business Plan from Columbus Enterprise Development Corporation, is a detailed question and answer guide to writing a business plan with links to online resources and collections of data.
     

 

Sample Business Plans 

Gale Virtual Library  Business Plans Handbook contains sample small business plans, including statements of mission, competition, suppliers, customers, advertising, pricing, and financial plans. After logging in with your Library card, click Business under "Or Select a Publication", select Business Plans vol. 19, then ebook index. (Older volumes are in print on the 2nd  floor of Faulk Central Library.)

 

 

 

 

Information Guide Subject: 

Research Books

Cover of the book Anatomy of a business plan : the step-by-step guide to building your business and securing your company's future
By Linda Pinson.
The classic work, revised to reflect the latest online and printed financial and marketing resources and current business plan practices.
Cover of the book Business plans handbook. a compilation of business plans developed by individuals throughout North America
By Lynn M. Pearce, project editor.
Actual business plans compiled by, and aimed at, entrepreneurs seeking funding for small businesses. Presents sample plans taken from businesses in the manufacturing, retail and service industries which serve as examples of how to approach, structure and compose business plans.