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A business plan details every aspect of business operations.Writing a business plan need not be an overwhelming task if you consider the following information.The executive summary is an overview of the entire business plan and will either capture the readers attention or make them lose interest before reading any further.
Download the business plan example Although even the best-crafted plan may not survive its first contact with reality, the act of planning is still invaluable for your business.
To make sure your efforts are focused on the highest-value parts of planning, like clarifying your goals, setting a strategy, and understanding the market and competitive landscape, lean on a business plan template to handle the structure and format for you.
Include market penetration strategy, growth strategy, distribution strategy and communication strategy.
Sales strategies should also be included to provide information on sales staff and activities.
This document not only helps owners see where the business is headed, it is also required by most lenders and potential investors. Focus on the following nine elements when drafting a business plan for your small business.
There are several essential elements of a good business plan according to the U. Although this is the first section readers will see, it should be the last section of your business plan written.
Once you’ve done the strategic work, it’s time to put it into action and write your plan.
Download the business plan template, and review our guide on writing a business plan for additional information.
That said, it may not include the specific details or structure preferred by a potential investor or lender.
If your goal with a business plan is to secure funding, check with your target organizations—typically banks or investors—to see if they have a template you can follow to maximize your chances of success.