Steps to follow for Business Plan
A business plan refers to a written document that comprehensively outlines what your business is, where it is going, and how it will get there.
Preparing To Write Your Business Plan
- Determine the type of business plan you will use.
- Understand the basic structure of the business plan.
- Obtain appropriate help.
Writing Your Business Plan
- Format your document correctly.
- Write your company description as the first section.
- Write your market analysis.
- Describe your company's organizational structure and management.
- Describe your product or service.
- Write your marketing and sales strategy.
- Make a funding request.
- Write the executive summary.
Finalizing Your Business Plan
- Include an Appendix :
- Financial Projection.
- Legal Documentation.
- Contracts & Associations
- Revenue Forecast for Investors.
- Revise and edit.
- Review your Business Plan twice even Thrice.
- Create a cover page.
- The cover page identifies your document and gives it aesthetic appeal and professionalism. It also helps your document to stand out.
- Your cover page should include: The words "Business Plan" centered in large bold font, along with your company name, company logo, and contact information. Simplicity is key.
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