How Do You Compose A Small Business Plan?
No business can succeed without a business plan. Creating a business plan will not only force you to perform necessary research and clarify your goals, it will help attract the lenders and investors necessary for you to obtain financing for your business. A good business plan should include an executive summary, a description of your company, an explanation of its products, a market analysis, and revenue and expense projections. Gather and analyze all information you will need to write your business plan. Create an outline that resembles a table of contents, with a paragraph of explanation covering each item. This outline is for your use only–it should not be included in the final version of the business plan. Write a general description of the company that covers its goals and business philosophy, its products and services, and professional biographies of key personnel. Explain in detail your company’s products and services, how the company will manufacture and distribute them, and w
