Contents of a Good Business Plan

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Contents of a Good Business Plan

By Francis Izuoba In Entrepreneurship On 19th January 2020

Francis Izuoba
wrote in Entrepreneurship

Posted on 19th January 2020
Last edited 13th January 2021 12:26:49 PM

Contents of a Good Business Plan
https://ntells.com/news/contents-of-a-good-business-plan

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 business needs to have a designed or written business 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 is 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:

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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

Also Read Practical Question in PowerPoint Presentation for beginn...

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Title Contents of a Good Business Plan
Category Entrepreneurship
Posted on 19th January 2020 02:40:59 AM
By Francis Izuoba
580 Audience Reached
Last Edited 13th January 2021 12:26:49 PM
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