Sample business plan for restaurantSimilar to any other business, a catering business also works on a business plan andhaving one ready before you begin a catering business will make sure that you start welland go in the right direction as planned. As with any business, a catering business willalso have goals and tools to measure progress as a part of the catering plan. In short,having a solid plan will make sure that you remain focused on your objectives.A business plan, not only to keep track of your business but also helps when you look forhelp from outside, especially financing. If you are looking for investors in your business,the first thing that an investor would like to see is a very solid plan - be it your futurebusiness partners or financial institutions (banks).Writing a plan for your business is not as easy as it sounds, it does need a fair amount ofresearch and a good bit of thinking. In fact, you can get a sample business plan from awell-run catering company and use it to write your own by inducting your ownparameters. The business should consist of the following components:a. Executive summary: This part of the business plan should explain your business andconsist of a brief outline to the reader.b. Objectives: this part of the business plan should describe the short to long term goalsof your catering business (ideally for the next 4 to 5 years) in financial terms. These goalsshould outline the objectives to be achieved with a time-line.c. Mission statement: This part of the business plan should define and explain thecatering companys values and ideals (in short, business ethics and ambitions).d. Ownership: this section go the business catering plan deals with ownership structureof the catering company, whether it is a proprietorship, partnership or a limited companyand the details thereof.e. Start-up requirements: This section should contain information about the cateringcompanys start up needs. What is the cost of start-up? What is the working capitalrequired? What is the equipment required? Etc.f. Market Information: A catering business also has competition and it is necessary toinclude the information pertaining to the same in this section of the business plan. Thiswould contain a brief summary of the competition along with analysis and the plans thatwould be followed to get ahead of the competition along with details of new markets tobe explored and services to be offered.
g. Strategy: This part of the catering plan should contain the marketing strategy that is tobe followed to achieve the objectives. This section would also include forecastedfinancials for sales.h. Management: For your catering company to succeed, it would need a highly skilledmanagement with hierarchical control. This strategy and working needs to be integratedinto the business plan in this section.i. People: Hiring would be a key factor in the catering business and therefore the plansfor hiring and man power costs need to be estimated well in advance and put forth intothe business plan in this section.j. Finances: Last but the most important, the financials of your catering business needs tobe put on as per in this section of the plan for your catering business. Projected profit andloss statements need to be prepared depending on estimated costs and revenues for thenest 4 to 5 years. Understood that the market is never consistent, however having someoptimistic as well optimistic estimates would help plan your business better. Once this isdone successfully, it is easier for you to understand and underline the break-even pointfor your catering business. Once you know this, the objectives are frozen and all youneed to do here is to put your best foot forward.A lot of generic business plans are available; you can always grab one and customize it tosuit your catering business. Although this is easier, it is always good to begin from thescratch and make your own catering company business plan since it would help you tounderstand your business better and will surely put you on the right path to success.http://restaurantebooks.info – You can download free ebooks about: restaurantmanagement forms, restaurant business plan, restaurant marketing plan sample,restaurant startup guide…