Smart Money Monday: How to build a strong business plan that will set you apart from the rest

[Music] welcome back to another smart money Monday we are bringing back our small business series with Bank of AI and Mana up starting with today's topic on how to create a business plan here to discuss it all is Matt par from Bank of aaii Aloha Matt Aloha Billy hey so let's talk about how can a business plan help a business like today's featured Mana up company aab body you know how how can they succeed in business with a business plan yeah well a business plan explains what your business does

how it makes money and who it's customers are your business plan should help you clarify your vision and organize your operation so what are examples of key ingredients that helped U body craft their business plan Since U body makes skin car products that are natural clean and vegan those were some of the key ingredients for the business plan okay and so how does a business plan start well typically it starts with an executive s that includes the company's mission statement a description of the

products or services and a summary of financial growth plan so it's kind of like a road map though exactly it's a plan an investor or lender can read and understand what the business is about what kind of products and services it sells how it plans to Market itself and what are its financial goals so what kinds of elements went into uab's business plan yeah U body is run by leala Humber and her husband bla kler they were founded on the big island by leala mother Alice over 30 years ago Alice had

a deep love of flowers Hawaii and human beings so their business plan had to reflect all of those values that's exactly right and they were able to turn their business plan into a reality operating company that creates good for your skin and good for the Earth Products yes they turn the sweet smell of floral ingredients into the sweet smell of success Mahala mat for enlightening us about business plans and today's Mana up company a body Mahala Billy to learn more about Mana and how Bank of can

help you and your business do more visit b.com up