Q:

How does someone write a 5-year business plan?

A:

Quick Answer

In order to write a successful 5-year business plan, designing a good tactical plan with an executive summary and good products is necessary. It is also always a good idea to include the management team and the projected financial analysis for each year.

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Full Answer

A business plan includes many factors, especially if projected to cover the next 5 years. A 5-year plan is the most common to present to possible investors.

  1. Design the plan
  2. What is the vision of the company? Outline the goals to be met and the strategies to be taken to reach those goals. What type of marketing and advertising will be used? The company mission and values must be included here.

  3. Executive summary
  4. This portion must be written to include achievements and relevant experience of the ones in charge of the business. This section is to let investors know they are placing their money with experts in their fields, and should include strategies and objectives.

  5. Talent
  6. Advertise what is so great about your management team. This is the "resume" to show off skills and knowledge for everyone involved.

  7. Product
  8. Be sure that the product(s) in the business plan are something that is wanted and can be shown to have a steady demand or increase over the next 5 years.

  9. Financials
  10. Having the projected financial statements like balance sheets, income statements and cash flow estimates is very important.

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