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8/4/2019 Business Plan Template v4 01092009
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3 Year BUSINESS PLANFor
>>please insert the name of the business here
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1. BUSINESS DETAILS
Name of Business:
BusinessFormat:
Sole trader FranchiseLimitedcompanyPartnerhip
Existingbusiness
How many yearstrading?
New business
Address of thebusiness:Website Address:Telephone No.:
Email Address:
What are the activities of the business?
How many employees? Role Full-time Part-timeSales
Manufacturing
Administration
Other (pleasespecify)
Who owns the business?
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What are your objectives for the business?Short Term:Medium Term:Long Term:
3. KEY PEOPLE / MANAGEMENT
Who are the key people in your business?Name (1)
Position in the business
Qualifications
Experience/knowledge ofthe industry
Previous Employment Name ofemployer
Position held Term of Employment
Name (2)
Position in the business
Qualifications
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Experience/knowledge ofthe industry
Previous Employment Name of
employer
Position held Term of
Employment
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4. PRODUCTS & SERVICES
What are the main products / services you sell?What percentage of turnover does each product / service represent?How are your products / services different to your competitors?
Product / Service Percentageof yourturnover itrepresents
Differentiation factor(s) / uniqueselling point(s)
1) %2) %
3) %
How will you produce your products / service?
Who are your main competitors?Competitor Strengths Weaknesses
Who are our main suppliers of goods and / or ser ices? What Terms of credit are
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7. BUSINESS PREMISES
From where will your business operate?Your home
Rented property Specify:Term of leaseHow often will you pay rent?How much rent will you have to pay?
Property owned by thebusiness
If this is funded by loan/lease,specify:
Current loan balanceTerm and amount of repaymentsNumber of years until it will be cleared
Other
Details of your business premisesAddress(if different to yourregistered business
address)
Office space (size)
Production space(size)
Oth ( i ) (please specify)
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9. FINANCIAL INFORMATION
How will the business befunded?
Source Percentage
Amount
Personal CashInvestors CashGrant(s)Bank finance*Other (please specify)
100%
* What methods of bank finance will you use?Term Purpose Loan Amount Repayment
Term(every month,quarter, etc.)
AnnualRepayment
Amount
Overdraft ShortTerm Loan Mediu
m
Leasing Medium
Business mortgage LongFixed Asset Loan LongOther (pleasespecify)
Totals
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o Trading Profit & Loss Accounts for the next 3 years
o Breakeven Analysis (see Notes page for example)
o Asset/Liability Profile (see Notes page for template)
It is important that projections are as realistic as possible. You might find it useful to seekprofessional advice from a qualified Accountant.
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10. OTHER INFORMATION
Are there any other factors that might impact on the future of yourbusiness?
Political
Economic
Social / Cultural
Technological
Legal
Environment
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NOTES:Cashflow Forecast
You can download a template from www.aib.ie/business or you can create your own, based on the sample basic template below:000s Month1 Month2 Month3 Month4 Month5 Month6 Month7 Month8 Month9 Month10 Month11 Month12
Opening Balance(First month should be in line with currentaccount balance and thereafter the closingbalance from the previous month)
a
Income
Subtotal b
Expenditure
Subtotal c
Closing Balance =a+b-cNotes:
o You should specify the exact date (e.g., change (Month 1) to Jan 2010
o List each individual category under the income and expenditure headings
As set / Liability Profile:Asset / ClassDescription(location / maturity date)
PurchasePrice(If property)
Date ofPurchase(Ifproperty)
MarketValue
Basis & Date ofValuation Professional (PV),Discounted Purchaseprice etc
AssociatedBorrowings(Direct/Indirect)
FinancialInstitution
Repayment structure(Capital & Interest,Interest Only, InterestRoll-Up)
Repayments(Monthly)
Monthly Income(Rental / Dividend,etc)
000 000 000 000 000
Breakeven AnalysisA breakeven analysis shows the value and the volume of Sales needed to generate Net Profit before Tax of 0.
To calculate breakeven you need to know the following information: Fixed CostsSelling Price per unitCost of Sales per unit
To calculate the volume of units to sell to breakeven =Fixed Costs
/ (Selling Price per unit Cost of Sales per unit)
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To calculate the value of Sales to breakeven = Volume of units to breakeven * Selling Price per unit