subject: How to write a catering business plan [print this page] How to write a catering business plan How to write a catering business plan
Firstly the query you need to answer before writing your plan - what is a business plan? In short it is a roadmap for your catering business showing anyone who gazes as it what the goals of the business are and also shows how those goals should be achieved.
Lacking a business plan it is dubious that possible "angel investors" and the like will invest in your catering business if that is your requirements to start-up or if you need to take it to the next level
If you have a particular financier in mind you must manufacture it to their requirements or else how are you going to get any money out of them if what you state in your catering business plan is polar opposite of what they have in mind for a catering business
Once complete,your catering business plan also provides a powerful tool for monitoring the forward movement of the catering business. It will assist you to focus on the objectives set up in the plan.
You must keep your investor's attention by making the paper as reader friendly as possible. Use straightforward, direct language and graphics to illustrate your ideas. Make sure your wording reflects the assured approach of the management team. In spite of this, it is advisable to be realistic whilst presenting fiscal forecasts.
Take a crack at making the plan as positive as possible but don't shy away from any palpable problems there may well be in setting up your catering business as your backer will more than likely think of them anyway; so if you can get their firstly and respond to the likely questions before they think of them so much the better.
Make a solid first impression by presenting the plan in a clear and professional approach by using an understandable, straightforward design that conveys a skilled image and avoid jargon, keeping the contents concise and hard hitting. Any technical or supporting information should be provided in the appendices.
Financial projections will be shown between the main body of the business plan and the appendices. Profit and Loss statements, Balance Sheets, Cash-flow forecasts etc. ought to be given in a separate section of documents. This will ensure completeness without sacrificing the flow of the words.
If your business is a new venture then give background information as to why you intend to start it. Affirm the considerable advantages of your product or service. Point to impending markets and vindicate your pricing policy and selling strategies. Identify the competition and outline your proposals for dealing with it. Be positive and brief.
Stress the know-how and achievements of you and your management team and show how their skills can be harnessed to attain growth possibilities and profitability. Give information on employment necessities including Curriculum vitaes for senior management in the Appendices and, if applicable, an organisation chart to illustrate the management structure.
