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Be sure that any numbers included in your funding request clearly match up with the projections and expectations you’ve outlined in other sections, as investors will carefully examine your document for inconsistencies.
Once you’ve completed these estimates, consider: Because many food truck owners bootstrap their businesses or work with partners to get their trucks running, the Funding Request section is optional.
However, if you’re interested in finding an investor to back your truck, you’ll need to answer these questions: Once you’ve established sales plans and a cost analysis for your food truck, you’ll get more specific about the facts and figures in your Financial Projections section.
If you’re presenting your business plan to an investor, keep in mind that spelling, punctuation, and your writing style matter immensely.
Investors will judge your business plan by the information you include and by the way you share it.
In the first two units of “How to Start a Food Truck,” we worked on making some basic decisions about your food truck concept and researching the local laws and requirements for trucks in your area.
With those lessons under your belt, you’re now ready to start making some real decisions about the business side of your food truck. We’re going to show you how to write a solid business plan that will serve as your roadmap to food truck fame.You’ll benefit simply from beginning to compile this information and from thinking about these questions in the space of a single document.Once you’ve finished writing about the key facets of each area of your business, you can start editing and revising the document to present a clear, comprehensive outline of your food truck’s needs, goals, and assets.Explain what you’re going to sell and why it will hit a home run with fans.And if you have ideas for the future, lay them all on the line here.Your business plan will probably take you several weeks to complete, so don’t worry about finishing it in one sitting.When you’re finished, you should have several small essays in each section. As we explained in “How to Write a Food Truck Business Plan,” the Executive Summary will appear first in the final version of your document — but you should write it last.The information you gather during this exercise will guide you in all of your future business decisions — and will also serve as a solid foundation if you decide to pursue funding or investment opportunities in the future. The Executive Summary is an overview of your entire truck.It gives readers a brief introduction into what they can find in your business plan and it helps you succinctly explain what your truck is all about in no more than one to two pages.Here’s what you need to include: Note: For most entrepreneurs, this section involves a lot of guesswork.That’s okay as long as you clearly indicate where you’re making assumptions and how you’re arriving at your figures.