Contents of a Good Business Plan

Contents of a Good Business Plan

Contents- A startup business plan is simply a document that tells what you plan to do in your business, it is a description of your new or old business`s future, and this content “Business Plan How to Write One” shows how business plans are inherently strategic and easy steps to take.

Every b.p needs to have a designed or written  plan. The beginning of a good business is from your business plan. It can provide attract investors or provide directions to success, a business plan is vital for the success of your business or organization.

Here, are contents of a  good business format:

A Business Plan Format must contain:

• Nature of the business
• A detailed description of products and services
• Estimation of risk based on analysis of the industry
• Size of business
• Location of business
• Background of entrepreneur
• Marketing plan
• Customer and their demand for product and service
• Price for product and service
• Comparison of product and service with competitors
• Financial plan
• Investment needed to start and maintain the business
• Projected income, expenses, and profit
• Cash start-up and cash flow needs
• Organizational plan
• The legal form of ownership
• Legal factor-licenses, lease, contracts
• Organizational chart
• Job descriptions and employee skills needed
• Physical facilities-buildings, equipment, tools

Furthermore, a large business must contain the following in her business plan:

• Company Description (describes what you do).
• Executive Summary (snapshot of your business)
• Market Analysis (research on your organization, investors, market, and competitors)
• Product and Services (products or services you`re offering)
• Sales and Marketing (how you`ll market your Product and Services and your sales strategy)
• Funding Request (how much money you`ll need for the next 2 to 7 years)
• Organization and Management (business and management structure)
• Financial projections (provide information like a monthly report or balance sheets)
• Appendix (this includes sums and permits, it`s an optional section)

Also:

• The legal form of ownership
• Legal factor-licenses, lease, contracts
• Organizational chart
• Job descriptions and employee skills needed
• Physical facilities-buildings, equipment, tools

Categories: Finance

Tags: business contents plan