I consider the development and preparation of a business plan, not only is this a good discipline in itself, it is a key document for presentation to potential investors and financiers who will want to see evidence that you are clear on "why start a business" and "how do i start a business". When financial institutions are considering applications, they look for a sound business plan, good cash flow management, a strong balance sheet, and a well-balanced management team. A business plan is a key first step.
Your business plan will be concise, precise, and fully explains your company's goals and methods of operation.
CONTENT
BUSINESS WRITING: Executive Summary, Mission Statement, Keys to Success, Objectives, Company Overview & Ownership, Industry Analysis, Market Analysis Summary, Target Market Segment Strategy, Competitive Edge & Analysis, Competitive Summary, SWOT Analysis, Personnel Plan, Management Summary.
FINANCIAL PLAN: 3-5 Years financial pro forma profit and loss balance sheet, break-even analysis, cash flow, startup funding, business ratio with graphs and charts
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