The Key Elements of a Business Plan

4. Land, Buildings and Equipment

This section describes the physical requirements and details of your business operation. Include the following:

• The site you've chosen and the reason for choosing that location. Outline renovation costs to build an office or meeting space or to improve kitchen facilities etc.
• The amount of land you require, a site plan, and the costs of land and equipment, including installation services
• A list of all machinery and equipment, including costs, installation charges, and who the supplier will be

Environment (Green) Plan

Before you request a loan from your financial institution, be prepared to develop and present your environmental plan. Your lender may have specific forms to fill in, so be ready to describe the following:

• Historical use of the site, including any potential polluting chemicals etc.
• Your intended use of chemicals etc. and how you will minimize the risk of environmental pollution

5. Operations/Human Resources

In this section, describe your day-to-day business operations and how your product or service will be produced. Include the following:

• Work Flow-use diagrams, if applicable, to describe how you will produce your product, including what quality control measures you will use
• What inventory control methods you will use
• The availability, cost and credit terms of supplies and materials
• Your human resources plan, including staffing schedules and rates of pay
• Production schedule

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