What Should A Business Plan Include

What Should A Business Plan Include-68
Potential money lenders and investors want solid research and analysis, not long, wordy descriptions.

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Remember, you only get one chance to make a good first impression.

Body of a Business Plan The body of the business plan should include detailed discussions of the following subjects: I. Key Personnel -- describe the qualifications and responsibilities of management.

In the case of a poorly written executive summary, the executive summary is often the only part of the business plan that gets read.

Accordingly, you should take the time necessary to prepare a dynamic executive summary that describes the business, identifies the stage of the company and its strategic direction, describes the company's market and marketing plan, briefly discusses the background of management, and states the company's revenue and profit expectations.

You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up and look at.

What Should A Business Plan Include

Enter your business information including the legal name, address, etc.Although the written business plan of a start-up venture must be tailored to the particular business and industry, the essential items in a written business plan include the following: Cover Page The cover page should include the following: Table of Contents and Table of Appendices The table of contents and table of appendices should refer the reader to the sections and subsections of the business plan. Executive Summary The executive summary is the first part of the business plan to be read by potential lenders and investors. A well-prepared, attractive written business plan is an essential document in the quest for either debt or equity financing, to provide a benchmark against which to compare actual company performance, and to refine strategies and develop ideas on how the business should be conducted. Forecasted Capitalization -- how much money will be sought, the form of the proposed investment, how the funds will be used, and the percentage of ownership to be provided in exchange for the investment D. From a practical standpoint, a business plan serves as a road map for how you plan to grow the business and take it to the next level. Exit Strategy -- how and when investors will be able to get their money out of the business E. Each section of the template can be copied into a Word, Excel or similar office document by selecting the text and using copy/paste.If using Windows, outline the text to be selected with the mouse and hit CTRL C to copy and CTRL V to paste.You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.So, if you don’t already know what you’re doing with the numbers, the process of writing your business plan may not be that much easier with a template. Find a small business attorney near you to learn more. Not only will you encounter complex legal issues from time to time, but an attorney also can review your business plan, proactively help you comply with various laws and regulations, and help you avoid legal issues before they arise.

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