In addition to budgeting, the business plan should note the company’s starting point and set future goals. For example, entrepreneurs can apply for a small business loan, borrow from family or friends, use personal savings, or explore other options such as investors. Budgeting should include other monetary concerns, such as recurring fuel costs, equipment maintenance, supplies, insurance, and paying employees.ĭo not forget to include the origin of the capital in the business plan. Startup costs for a coffee truck range from buying the truck, registering the business, products that will be sold, marketing, licensing, and more. One of the major concerns of the business plan is capital resources, meaning how much money is needed to start the business and where it will come from. Once the goals are accomplished, the business should be ready to launch. Unfortunately, many successful business owners see their plans as a comprehensive list of short-term goals. The business plan should strategically address the steps necessary to start up, from the idea to the finished product. Defense to Complaint of Retaliation DiscriminationĪ written and well-reasoned business plan sets the foundation for an excellent new coffee company.
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