Then say whether the business is a sole proprietorship, partnership, C or Sub chapter S corporation.Next, list the business' principals and state what they bring to the business.A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road.
Then explain how your business will gain a competitive edge and why your business will be profitable.
Describe the factors you think will make it successful.
Your readers want a plan that looks professional, is easy to read and is well-put-together. Executive Summary The executive summary, or statement of purpose, succinctly encapsulates your reason for writing the business plan.
It tells the reader what you want and why, right up front.
Generally, a business plan has the following components: Title Page and Contents A business plan should be presented in a binder with a cover listing the name of the business, the name(s) of the principal(s), address, phone number, e-mail and website addresses, and the date.
You don't have to spend a lot of money on a fancy binder or cover. A table of contents follows the executive summary or statement of purpose, so that readers can quickly find the information or financial data they need.
If your business plan will be used as a financing proposal, explain why the additional equity or debt will make your business more profitable.
Give hard facts, such as "new equipment will create an income stream of ,000 per year" and briefly describe how.
Explain how people use your product or service and talk about what makes your product or service different from others available in the market.
Be specific about what sets your business apart from those of your competitors.