7 Pages Due By 17 HOURS URGENT HELP ME, EXPERT !! ONLY i have a business plan that is due Monday December 6.  the first document that is an outline i have

7 Pages Due By 17 HOURS URGENT HELP ME, EXPERT !! ONLY i have a business plan that is due Monday December 6. 

the first document that is an outline i have filled out what the job titles are as paralegals. 

The business plan is a start up for a paralegal firm in Ontario.

All the topics and subtopics must be filled out. 

I have also attached another document that highlights each section and what needs to be done with more clarification. 

The second document has more topics, dont worry about that. The only topics that need to be done are in the outline document which you will see is somewhat blank. 

I also have an ess a y due on the December 6. I will attach the topics, you have to scroll all the way down to assignment #3 It is a law and ethics essa y about 7-10 pages double spaced. 

Please if you could let me know as soon as you can because i need to know if you are able to do this. PLG305 – Business Plan .pages

BusinessPlanHelp.pdf

Business Plan Outline

Copyright 2003 Lawyers’ Professional Indemnity Company 1 March, 2003

Business Plan Outline

This document is a supplement to practicePRO’s managing the finances of your practice booklet.
It reviews the steps you can take to better manage the finances of your practice, and is available
at www.practicepro.ca/financesbooklet

1. Cover sheet

2. Table of contents

3. Executive Summary

4. Mission Statement:

• This is a concise explanation of the reason for going into business and a statement of the
values that you hold high. See Steven Covey’s 7 Habits of Highly Effective People.

5. Description of the Practice (overview)

• Description of the Practice (type of law to be provided or client niche to be serviced,
where the office will be located, legal form to be used – proprietorship, law corporation,
LLP, regular partnership, reasons why you are entering into private practice, reasons why
people will seek your services, business goals to be obtained)

• Marketing Plan

• Analysis of the competition (how you plan to make your services distinctive, what are

your reasons for growth, what are the weaknesses of the existing legal service providers
and how do you plan to exploit those weaknesses, is your competitors target market
growing or declining, )

• Operating procedures (office procedures and systems to be put into place, physical plant
description including layout of the office, required equipment list, services required by
clients such as elevators, parking, public transportation etc.)

• Staff (analysis of skills required for the proper running of the office and how those skills
will be procured for the office, draft of job descriptions taking into consideration these
required skills)

• Insurance needs (office, malpractice, personal and how this insurance will be procured)

• Financial overview

Business Plan Outline

Copyright 2003 Lawyers’ Professional Indemnity Company 2 March, 2003

6. In-depth Financial Plan:

• An ability to understand and apply the intricacies of the law does not necessarily translate
into knowledge of how to set up and run a law practice. The ultimate success of your law
practice is wholly dependent on your ability to understand and manage the finances of
your practice. You should be able to demonstrate your understanding of this very
important part of your business.

• Set up and describe your start-up budget (business capitalization). Many of these costs
are one-time only and are separate from your operating budget. Include the following:
• Loan and credit facilities arranged
• Equipment and services required, and whether these are leased or purchased
• Personnel costs (prior to opening)
• Deposits, permits and office improvement costs
• Major equipment purchases
• Accounting startup fees
• Software and hardware costs
• Supplies
• Utilities
• Other services requiring retainers or down-payments

• Balance sheet (assets, liabilities, retained equity)

• Breakeven analysis (forecast timeline). Describe your sources of cash for all periods from
startup up to and including your projected break-even date. Describe how you will repay
these sources of cash after your practice turns into the black.

• Pro-forma income and expense projections (profit & loss statements)

• Three-year operating budget:
• Detail everything by month, first year. Describe all costs including salaries,

insurance, rent, loan payments, taxes, marketing costs, accounting and bookkeeping
costs, payroll expenses, utilities, professional dues and subscriptions, repairs and
maintenance costs etc.

• Describe your budget by quarters, second and third years
• Estimate all fixed and variable costs and ‘unanticipated’ expenses. Build in all fixed

expenses (rent, insurance, staff, leases) and variable (file disbursements, part-time
staff, taxes and expenses that are dependent on the volume of business)

• Build in cash-flow lags, write-offs
• Build in your draw
• Formally state all assumptions upon which cash flows were based (to include:

billings, salaries, income, collections and write-offs)
• Describe how your accounting system will monitor your budget against actual costs.

Show that you understand how to use your accounting system to produce the reports
that you need to manage your practice. Demonstrate that you know what are the key

Business Plan Outline

Copyright 2003 Lawyers’ Professional Indemnity Company 3 March, 2003

financial indicators for your practice (WIP, billings, billings per client, unbilled
disbursements, accounts written-off, accounts receivable, change in receivables,
receivables as a % of total billings etc…).

• Supporting Documents:
• Tax returns of partners for the last three years
• Personal financial statements for all partners
• Copy of proposed office lease
• Copy of licenses and other legal documents
• Copy of resumes of all partners
• Copies of letters of intent from suppliers
• Any other relevant documents

7. In-depth Management Plan:

• Recall that bankers and others assume that you know the law. They will be looking for
evidence that you also know how to run a business. Your management plan when read
with your financial plan and your marketing plan shows that you have laid down the
foundation on which your practice will be built.

• Your biggest expense in practice typically is staff, followed by rent. Accordingly, your
management plan describes how you intend on using these human resources to your best
advantage.

• The first step is to identify your traits, strengths and weaknesses and how you will hire
staff to fill the gaps in your needs and abilities. For example, bookkeeping could be done
by a lawyer, but it not an area where we have any training. Furthermore, spending your
time doing bookkeeping services is not a terribly effective use of your time. Hiring a
part-time bookkeeper on a weekly or bi-weekly basis may be more cost-effective.

• You should be able to demonstrate that you have the necessary traits to lead and manage
your employees.

• Describe how your business background and experience helps you to manage and run
your practice.

• Describe how your staff will compensate for necessary and/or missing skills.

• Describe everyone’s duties in the office. In so doing, mentally go through a typical day
and match up all things that need doing against your staff list. Describe any skills that
need to be fulfilled by people outside of your organization and how often they will be
called in.

Business Plan Outline

Copyright 2003 Lawyers’ Professional Indemnity Company 4 March, 2003

• What salaries, benefits and vacations will you be offering? How will you meet your
staffing needs during vacations and absences? How often will you be absent from the
office? Who assumes management duties during your absence?

• Describe how your personnel needs could change and how you will handle this.

• Describe your management structure and how decisions will be made.

8. In-depth Marketing Plan:

• Describe how you propose to reach your target market

• Describe your target market by identifying all common traits, aspects or factors

• Describe your strategies to reach your target market by personal contact, newsletters, web
site, print media, advertising etc. Show sample-marketing materials.

• Set out your marketing budget and allocate these marketing funds against your marketing
programs.

• Describe your marketing goals in quantifiable terms. Describe your system to review and

evaluate your goal attainment monthly.

• Describe how you will build your customer loyalty and referral network within your
target market

• Describe how will you build and retain your competitive edge and prevent other lawyers
from cannibalizing your market

• Set up a system whereby you open files on your competitors and place all information on
and marketing materials produced by these firms in the files

• Regularly review these files to determine your competitors marketing strategies and
decide how you can adapt your marketing strategies accordingly

• Describe where you lie on the price/quality curve.

• Describe how you have attained alignment between your proposed services with the cost
of your services.

• Look at the price/quality mix offered by your competitors. Describe how you will be
competing on grounds other than by price.

Business Plan Outline

Copyright 2003 Lawyers’ Professional Indemnity Company 5 March, 2003

• Demonstrate that you understand your competition and their pricing. Show that you have
a solid business plan that distinguishes your service offerings and your cost structure
while maintaining a reasonable profit margin.

1. Cover sheet

2. Table of contents

3. Executive Summary

4. Mission Statement:

Description of the Practice (type of law to be provided or client niche to be serviced, where the office will be located, legal form to be used – proprietorship, law corporation, LLP, regular partnership, reasons why you are entering into private practic

Marketing Plan

Analysis of the competition (how you plan to make your services distinctive, what are your reasons for growth, what are the weaknesses of the existing legal service providers and how do you plan to exploit those weaknesses, is your competitors target mar

Operating procedures (office procedures and systems to be put into place, physical plant description including layout of the office, required equipment list, services required by clients such as elevators, parking, public transportation etc.)

Staff (analysis of skills required for the proper running of the office and how those skills will be procured for the office, draft of job descriptions taking into consideration these required skills)

Insurance needs (office, malpractice, personal and how this insurance will be procured)

Financial overview

6. In-depth Financial Plan:

An ability to understand and apply the intricacies of the law does not necessarily translate into knowledge of how to set up and run a law practice. The ultimate success of your law practice is wholly dependent on your ability to understand and manage t

Set up and describe your start-up budget (business capitalization). Many of these costs are one-time only and are separate from your operating budget. Include the following:

Loan and credit facilities arranged

Equipment and services required, and whether these are leased or purchased

Personnel costs (prior to opening)

Deposits, permits and office improvement costs

Major equipment purchases

Accounting startup fees

Software and hardware costs

Supplies

Utilities

Other services requiring retainers or down-payments

Balance sheet (assets, liabilities, retained equity)

Breakeven analysis (forecast timeline). Describe your sources of cash for all periods from startup up to and including your projected break-even date. Describe how you will repay these sources of cash after your practice turns into the black.

Pro-forma income and expense projections (profit & loss statements)

Three-year operating budget:

Detail everything by month, first year. Describe all costs including salaries, insurance, rent, loan payments, taxes, marketing costs, accounting and bookkeeping costs, payroll expenses, utilities, professional dues and subscriptions, repairs and mainte

Describe your budget by quarters, second and third years

Estimate all fixed and variable costs and ‘unanticipated’ expenses. Build in all fixed expenses (rent, insurance, staff, leases) and variable (file disbursements, part-time staff, taxes and expenses that are dependent on the volume of business)

Build in cash-flow lags, write-offs

Build in your draw

Formally state all assumptions upon which cash flows were based (to include: billings, salaries, income, collections and write-offs)

Describe how your accounting system will monitor your budget against actual costs. Show that you understand how to use your accounting system to produce the reports that you need to manage your practice. Demonstrate that you know what are the key finan

Supporting Documents:

Tax returns of partners for the last three years

Personal financial statements for all partners

Copy of proposed office lease

Copy of licenses and other legal documents

Copy of resumes of all partners

Copies of letters of intent from suppliers

Any other relevant documents

7. In-depth Management Plan:

Recall that bankers and others assume that you know the law. They will be looking for evidence that you also know how to run a business. Your management plan when read with your financial plan and your marketing plan shows that you have laid down the f

Your biggest expense in practice typically is staff, followed by rent. Accordingly, your management plan describes how you intend on using these human resources to your best advantage.

The first step is to identify your traits, strengths and weaknesses and how you will hire staff to fill the gaps in your needs and abilities. For example, bookkeeping could be done by a lawyer, but it not an area where we have any training. Furthermore

You should be able to demonstrate that you have the necessary traits to lead and manage your employees.

Describe how your business background and experience helps you to manage and run your practice.

Describe how your staff will compensate for necessary and/or missing skills.

Describe everyone’s duties in the office. In so doing, mentally go through a typical day and match up all things that need doing against your staff list. Describe any skills that need to be fulfilled by people outside of your organization and how often

Describe how your personnel needs could change and how you will handle this.

8. In-depth Marketing Plan:

Describe how you propose to reach your target market

Describe your target market by identifying all common traits, aspects or factors

Describe your strategies to reach your target market by personal contact, newsletters, web site, print media, advertising etc. Show sample-marketing materials.

Set out your marketing budget and allocate these marketing funds against your marketing programs.

Describe your marketing goals in quantifiable terms. Describe your system to review and evaluate your goal attainment monthly.

Describe how you will build your customer loyalty and referral network within your target market

Describe how will you build and retain your competitive edge and prevent other lawyers from cannibalizing your market

Set up a system whereby you open files on your competitors and place all information on and marketing materials produced by these firms in the files

Regularly review these files to determine your competitors marketing strategies and decide how you can adapt your marketing strategies accordingly

Describe where you lie on the price/quality curve.

Describe how you have attained alignment between your proposed services with the cost of your services.

Look at the price/quality mix offered by your competitors. Describe how you will be competing on grounds other than by price.

Demonstrate that you understand your competition and their pricing. Show that you have a solid business plan that distinguishes your service offerings and your cost structure while maintaining a reasonable profit margin.

Essay topics .pdf

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