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How to write business plans for forest products companies

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Abstract
  • A business plan is an essential tool in starting and managing a new or expanding venture. It is not only a comprehensive gathering of ideas and information on the potential business and its feasibility, but it is also a way of monitoring that business, once established. Business plans are important sources of information for the orga­nizers of a company as well as for those people whom the company is trying to influence, such as bankers, investors, potential partners, business advisors and consultants, and Govern­ment personnel. A five-year period is the cus­tomary time needed to use this tool effectively. In this publication, I explain how to write business plans for forest products industries. Many concepts will apply to other fields, but examples and sources of assistance and infor­mation will deal with the forest products field. I use as examples a fictitious company, RrA, Inc., and a business plan for that company, "Ready­to-Assemble Furniture Manufacturing: A Busi­ness Plan for the Northeastern Area" (Pepke 1988). Additional sources of information in­cluded "Writing a Business Plan in NQ. Easy Steps: A Basic How-to Manual" by William J.F. Duggan III ( 1985) and "A Guide to Starting a Business in Minnesota" by the Minnesota Small Business Association" (1987). Other resources are listed in "Additional Sources of Information for Preparing Your Business Plan," later in this paper.
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