Business Plan Categories

Business Plan Categories-25
A formal business plan is an important document for any business.

A formal business plan is an important document for any business.

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Details about ownership of company, management and board of directors (if applicable).

Qualifications, experience and education are important to provide readers with an insight as to how these individuals fit into the organizational structure and what they can bring to the table in their designated roles.

Maybe you think you don't need a template for writing a business plan.

After all, some entrepreneurs succeed without writing a business plan.

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.

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.

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