Create
Your Business Plan
A business plan is an essential
road map for business success. This living document generally projects 3-5 years
ahead and outlines the route a company intends to take to grow revenues.
Your
executive summary is a snapshot of your business plan as a whole and touches on
your company profile and goals. Read these tips about what to include.
Your
company description provides information on what you do, what differentiates
your business from others, and the markets your business serves.
Before
launching your business, it is essential for you to research your business industry,
market and competitors.
Every
business is structured differently. Find out the best organization and
management structure for your business.
What do
you sell? How does it benefit your customers? What is the product lifecycle?
Get tips on how to tell the story about your product or service.
How do you
plan to market your business? What is your sales strategy? Read more about how
to include this information in your plan.
If you are
seeking funding for your business, find out about the necessary information you
should include in your plan.
If you
need funding, providing financial projections to back up your request is
critical. Find out what information you need to include in your financial
projections for your small business.
An
appendix is optional, but a useful place to include information such as
resumes, permits and leases. Find additional information you should include in
your appendix.
What makes
your business unique? Determining this could help you stand out from the crowd
and give you advantages over your competitors.
Source: http://www.sba.gov/writing-business-plan
