GREATER SEMINOLE AREA CHAMBER OF COMMERCE
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Developing a business plan

They are essential for obtaining a loan from a bank or an investment.
Business plans are also your first dry run at starting up a business before you put substantial money into it.
BUSINESS PLAN WORKBOOK
​AT THE HEART OF ALL BUSINESS PLANS ARE AT LEAST FIVE COMMON SECTIONS THAT ADDRESS THE CORE QUESTIONS THAT FACE ALL NEW START-UPS. WE RECOMMEND PROCEEDING THROUGH THESE SECTIONS IN ORDER, MAKING SURE THAT YOU CAN COMPLETE EACH STEP BEFORE PROCEEDING TO THE NEXT. FOR EXAMPLE, IF THE MARKET FEASIBILITY PROVES TO BE NEGATIVE, THEN THERE IS NO NEED TO PROCEED TO DEVELOPING FINANCIALS.

The Core Sections (And The Core Business Questions Being Answered) Are:

I. Description of the business and industry
  • What is it you propose to do?
  • Is it completely new or is it an organized industry?
 
II. Market Feasibility Analysis
  • How many people want this? (Request a demographic or consumer spending report)
  • How many people are providing it? (Request a competitor report)
  • Is the market growing or shrinking?
  • Why would customers pick my business over everyone else?
 
III. Financials (Contact the FSBDC for assistance)
  • What are my fixed and variable expenses?
  • How much do I have to make to break even?
  • Can I make a profit?
 
IV. Marketing Plan
  • What is the profile of my customers?
  • Where are they?
  • Where do they congregate?
  • What is the most cost effective way of reaching them?
  • What is their motivation and how do I work that into my message?
 
V. Documentation of Experience
  • What experience does the management team have in the industry? In business?
  • In the specialized areas of sales, accounting, strategy, operations, organization building?
SEE A SAMPLE BUSINESS PLAN

BUSINESS PLAN OUTLINE

 I. Cover Sheet

 II. Statement of Purpose

 III. Table of Contents
​
 IV. The Business

          A. Description of business
          B. Marketing
          C. Competition
          D. Operating procedures-Schedule a professional consultation
          E. Personnel-Schedule a professional consultation
          F. Business insurance

V. Financial Data (Contact the FSBDC)
          A. Loan applications
          B. Capital equipment and supply list
          C. Balance sheet
          D. Breakeven analysis
          E. Pro-forma income projections (profit & loss statements)
                    1. Three-year summary
                    2. Detail by month, first year
                    3. Detail by quarters, second and third years
                    4. Assumptions upon which projections were based
          F. Pro-forma cash flow

VI. Supporting Documents
          A. Tax returns of principals for last three years
          B. Personal financial statement (all financial institutions have these forms)
          C. For franchised businesses, a copy of franchise contract and all supporting documents provided by the franchisor
          D. Copy of proposed lease or purchase agreement for building space
          E. Copy of licenses and other legal documents
          F. Copy of resumes of all principals
          G. Copies of letters of intent from suppliers, etc.
Adapted from www.sba.gov
​
 
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Contact

Seminole Area Chamber of Commerce
SC Building
​9200 113th St
Seminole, FL 33772

Phone: 727-392-3245
Fax: 727-397-7753

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  • Home
  • Directory
  • About
    • About the Seminole Chamber
    • Chamber Staff & Volunteers
    • FAQ's
  • Join
    • Member Benefits
    • Chamber 101
    • Chamber’s Welcome Center >
      • Member Support
      • Member Network
      • Business Catalogs
    • Advertising with The Chamber >
      • Advertising Value Report
  • Resources
    • Community Resources >
      • City of Seminole
      • Go Local Go BIG >
        • Gift Cards
      • Hurricane Preparedness
      • Newcomers
      • Seminole Schools
      • Things To Do
    • Business Resources >
      • SERG >
        • 10-Step Guide to Starting a Business
        • Developing a Business Plan >
          • 5 Core questions addressed by your business plan
          • Sample Business Plan
        • Creating an Effective Marketing Strategy
        • Traffic Counts
        • Targeted Sales Leads
        • Competitor Information
      • Advertising & Marketing
      • Grow Local Grow BIG
      • Grow With Google Resources
      • Networking Mixer
      • Ribbon Cuttings
      • U.S. Census
  • Events
    • Event Registration
    • Chamber Events >
      • Stampede
      • Health Forum + Expo
      • Chamber Golf Tournament
      • Awards Banquet >
        • 2025 CALL FOR NOMINATION FORMS
      • Annual Events
      • Business After Hours
    • Community Events
  • Chamber Spectrum Benefits
  • Contact & Media
    • Gallery
    • Newsletter
    • Press Releases
    • Join Mailing List
  • Member Login