• SBA Business Plan

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SBA Business Plan

SBA business plan helps the entrepreneur to understand, to visualize, to plan and to identify risks even before making any investments in the business. Preparing a business plan involves detailed research so that all the aspects of the given business are evaluated and suitable decisions are made. Small business is critical to our financial recovery and power, to building America's future, and to support the United States compete in today's global marketplace. Although SBA has expanded and evolved in the years since it was established Ain 1953, the bottom line mission remains the same.

The SBA supports Americans start, build and grow businesses. Through an extensive network of field offices and companies with public and private organizations, SBA gives its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam. A good business plan guides you within each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and develop your new business. It’s a way to resolve through the key components of your business.

Business plans can help you get funding or take on new business partners. Investors require feeling confident they’ll see a return on their investment. Your business plan is the tool you’ll use to change people that working with you — or investing in your company — is a smart choice. There’s no right or wrong idea to write an SBA business plan. What’s important is that your plan satisfies your needs.

Most SBA business plans fall into one of two basic categories: Traditional or Lean Startup.
Traditional business plans are more popular, use a standard structure, and support you to go into detail in each section. They tend to require more work upfront and can be dozens of pages long. Lean startup business plans are less familiar but still use a standard structure. They focus on reviewing only the most important points of the key factors of your plan. They can take as little as one hour to make and are typically only one page.

You'll need a good understanding of your industry outlook and target business. Competitive research will explain to you what other companies are doing and what their strengths are. In your market analysis, look for trends and ideas. What do successful competitors do? Why does it work? Is it possible for you to make it better?

There's no individual way to approach a marketing plan. Your plan should evolve and shape to fit your unique needs. Your goal in this section is to explain how you'll attract and retain clients. You'll also describe how a sale will really happen. You'll refer to this segment later when you make financial projections, so make sure to completely describe your entire marketing and sales plans.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a sba business plan are given below:

People

A typical SBA is headed by a Chief Executive Officer or an Owner. The other important roles are Manager, Human Resources Assistant, Customer Service Advisor (CSA), Executive Assistant / Office Admin, Administrative Assistant, Business Process Consultant, Business Client Manager, Security Man etc.

Process

Workflow Management, Knowledge Base Management, Email Management, Web Interaction Management, etc.

Systems

Owned or leased office space, computers, Internet Connection, Security Camera, Finger Print Machine, etc.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

US Small Business Administration
409 3rd St, SW Washington DC 20416

Small Business Association of Australia
Unit 1 / 7 McPhail Road, Coomera Qld 4209

Japan Academy of Business Administration

Small Business Grants

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