Every successful business needs to have a written
business plan that accompanies it or supports it existence or guides its development life cycle. Whether it’s to provide direction or attract investors, a business plan is significantly vital for the success of your organization.
But, how do you write a business plan?
As per how numerous successful entrepreneurs across the globe recommend is that a business plan should include the following:-
Company description – describes what you do.
Market analysis – research on your industry, market, and competitors.
Organization and management – your business and management structure.
Service or product – the products or services you are offering.
Marketing and sales – how you will market your business and your sales strategy.
Funding request – how much money you will need for next 3 to 5 years.
Financial projections – supply information like balance sheets.
Executive summary – a snapshot of your business.
Appendix – an optional section that includes resumes and permits.