Nashville quickly grew because of its strategic location, accessibility as a port on the Cumberland Rivera tributary of the Ohio River ; and its later status as a major railroad center. Bythe city had residents, including enslaved African Americans and 14 free African American residents. Inthe city was named the permanent capital of the state of Tennessee.
When submitting a business plan to a lender or investor, it is important to include a business plan cover letter that is addressed to the person who will review the business plan. People starting a small business may spend hours preparing their business plan, but not give much thought to the cover letter.
This is a mistake. The cover letter is an integral part of the plan. Even if the applicant knows the lender, they should still submit a formal business plan with cover letter. If they do not know the lender, they should remember that the lender will judge them by the content and tone of the letter.
It should state right at the beginning that a business plan is attached, and that the applicant is applying for a business loan to start or develop a business. It is important to state clearly the benefits for the bank or investor. They need to believe there will be a good return on their investment, or that the loan will be repaid on time.
It can relate some marketing facts, focus group responses, demographic data or other key statistics from the business plan, but it should not be overloaded with these facts. It can have just enough to present the business as viable and show that the applicant has done his or her market research.
The rest of the statistics are in the plan.
There should also be a brief mention of the financial position without going into too much detail. The letter can mention how much has already been invested in the business, and what profits are projected for the next year or two. This will show the lender or investor that the business is worthwhile.
Here is an example of a business plan cover letter. It should be personalized for each lender or investor to whom it is sent.The workforce is changing as businesses become global and technology erodes geographical and physical vetconnexx.com organizations are critical to enabling this transition and can utilize next-generation tools and strategies to provide world-class support regardless of location, platform or device.
Writing a business plan can be a daunting process. Sample business plans can be very helpful in providing a format for you to build your business plan on. Here you’ll find free sample business plans for every conceivable type of business.
Go through our collection of free sample business plans. For example, if the purpose of the day action plan is that for your application for financing with a bank or submitting a proposal to a potential investor, your action plan might need to include a description of the company, its location, facilities, sales and profit history over the last couple of years, as well as projections for future.
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Bureau of Labor Statistics | Division of Information and Marketing Services, PSB Suite , 2 Massachusetts Avenue, NE Washington, DC "Effective execution of Agenda 21 will require a profound reorientation of all human society, unlike anything the world has ever experienced a major shift in the priorities of both governments and individuals and an unprecedented redeployment of human and financial resources.