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Documents which may be included in the appendix include market study details, reference letters, personal and business credit history, patents, permits, contracts and contact information for consultants.

As you can see, writing a business plan requires a commitment of time and resources to ensure all relevant information is present.

Include current and future funding requirements, how that funding will be used and long range strategies that impact funding request.

Any factors which directly impact your ability to repay your loan should be included, such as acquisitions, sale of the business in future or a buyout.

Writing a business plan need not be an overwhelming task if you consider the following information.

Before drafting a business plan it is important to understand why this document is so important to the success of your business.A crucial part of the business plan, the summary will basically tell readers the history of your company, where it is today and what direction it is headed; this is where you sell other on the potential success of your business idea.Include in this section a description of the industry, information on your target market, evaluation of your competition and market test results.A formal business plan is an important document for any business.Entrepreneurs just starting out may find putting their thoughts, goals and in some cases dreams to paper an intimidating process.There are several essential elements of a good business plan according to the U. Although this is the first section readers will see, it should be the last section of your business plan written.The executive summary is an overview of the entire business plan and will either capture the readers attention or make them lose interest before reading any further.Sales strategies should also be included to provide information on sales staff and activities.Describe to readers what you are selling and how the product or service will benefit current and potential customers.Brief description of your company including the nature of your business and factors that will make your business a success.Include a description of how your product or service will meet a need and any potential clients identified as having that need.


Comments Business Plan Categories

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