PLEASE ANSWER THE FOLLOWING QUESTIONS AS COMPLETELY AS POSSIBLE
How will you attract, hold and increase your market share?
Are you planning to enter or leave any markets?
How do you price your products?
Who are your nearest direct competitors?
Who are your indirect competitors?
Where are you (or should you be) located?
Why is it a desirable area?
A desirable building?
What kind of space do you need?
Are any demographic or other market shifts going on?
How does your background/business experience help you in this business?
For your own use, what weaknesses do you have and how will you compensate for them?
What related work experience do you have?
Who is on the management team?
What are their strengths and weaknesses?
What are their duties?
Are these duties clearly defined? How?
What additional resources are available to your business?
What are your current personnel needs?
What skills will your employees need in the near future? ln five years?
What are your plans for hiring and training personnel?
How will the loan (investment) make your business more profitable?
Should you buy or lease (equipment, your place of business, and so on)?
Do you need this money?
1. Resumes: very important
2. Credit information
3. Quotes or estimates
4. Letters of Intent from prospective customers
5. Letters of Support from credible people who know you.
6. Leases or Buy/Sell Agreements
7. Legal Documents relevant to the business.
8. Census/Demographic data. |