Your market analysis discussed in chapter 11 your

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ecify whether it is privately owned or publicly traded. Many smaller businesses, especially service businesses, are sole proprietorships. Some are legal partnerships. The protection of incorporating is important, but sometimes the extra legal costs and hassles of turning in corporate tax forms with double-entry bookkeeping are not worth it. Professional service businesses, such as accounting or legal or consulting firms, may be partnerships, although that mode of establishment is less common these days. If you’re in doubt about how to establish a start-up company, consult a business attorney. HURDLE: THE BOOK 6.2 ON BUSINESS PLANNING Locations and Facilities Briefly describe offices and locations of your company, the nature and function of each, square footage, lease arrangements, etc. If you are a service business, you probably don’t have manufacturing plants anywhere, but you might have Internet services, office facilities, and telephone systems that are relevant to providing service. It is conceivable that your Internet connection, as one hypothetical case, might be critical to your business. If you are a retail store, then your location is probably a critical factor, so explain the location, traffic patterns, parking facilities, and possibly customer demographics as they relate to the specific location. Your Market Analysis, discussed in Chapter 11: Your Target Market, goes elsewhere in the plan, but if your shopping center location draws a particular kind of customer, note that here. If you are a manufacturer, then you may have different facilities for production, assembly, and offices. You may also have manufacturing and assembly equipment, packing equipment, shipping docks, and other facilities. Depending on the nature of your plan, its function and purpose, you may want to include more detail about facilities as appendices attached to your plan. For example, if your business plan is intended to help sell your company to new owners and you feel that part of the value is the facilities and...
View Full Document

Ask a homework question - tutors are online