There are numerous components of a business plan. Begin with an executive summary. Clearly and concisely state what you want. Summaries should include a business concept, financial highlights and needs, current business position and any other major successes.
Following this section, include a business description. Detail the climate of the industry, business structure, legal type of .
business, product and growth potential. The goal of this section is to persuade investors. Then, include a market analysis to detail the target market and possible market share. Assess competitors? products, determine pricing and marketing strategies.
The development plan will follow, consisting of product, market and organizational development. Detail budget, personnel and risk assessment in this section. It will segue into the operations and management plan, which will further detail expenses and personnel.
The last component of a business plan is financial data. This includes income, cash flow and the balance sheet.
