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.
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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