Write your Business Plan.docx - Write your Business Plan A...

  • No School
  • AA 1
  • ramprasathk
  • 13
  • 75% (8) 6 out of 8 people found this document helpful

This preview shows page 1 - 3 out of 13 pages.

Write your Business Plan A business plan is an essential roadmap for business success for yourself. In case you wish to raise funds, it would be a document that would convey to the bank or investor what you intend to do in complete detail. This document generally projects 5 years ahead and outlines the route a company intends to take to grow revenues with all calculations. EXECUTIVE SUMMARY The executive summary is often considered the most important & first 3 pages of a business plan. This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful. If you are seeking financing, the executive summary is also your first opportunity to grab a potential investor’s interest. The executive summary should highlight the strengths of your overall plan and therefore be the last section you write. However, it usually appears first in your business plan document. If you are an established business, be sure to include the following information: The Mission Statement – This explains what your business is all about. It should be between several sentences and a paragraph. Company Information – Include a short para that covers when your business was formed, the names of the founders and their roles, your number of employees, and your business location(s). Growth Highlights – Include examples of company growth, such as financial or market highlights (for example, “XYZ Firm increased profit margins and market share year-over-year since its foundation). Graphs and charts can be helpful in this section. Your Products/Services -- Briefly describe the products or services you provide. Financial Information If you are seeking financing, include any information about your current bank and investors. A short table of cashflow, investment, breakup of loans, equity/margin may be clearly indicated. Summarize future plans – Explain where you would like to take your business. COMPANY DESCRIPTION This section of your business plan provides a high-level review of the different elements of your business. This is akin to an extended elevator pitch and can help readers and potential investors quickly understand the goal of your business and its unique proposition. What to Include in Your Company Description : • Describe the nature of your business and list the marketplace needs that you are trying to satisfy. • Explain how your products and services meet these needs.
• List the specific consumers, organizations or businesses that your company serves or will serve. • Explain the competitive advantages that you believe will make your business a success such as your location, expert personnel, efficient operations, or ability to bring value to your customers.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture