Plan For Success

A business plan is:

• A company's business model in written form

• The same for every company

• A description of your business

• A summary of your company's finances

Part of the business plan that contains a number for tracking purposes:

• Appendices

• Executive summary

• Cover page

• Table of contents

This should be included in a business plan's executive summary:

• Business phone number

• Technology involved in products

• Mission statement

• Industry outlook

This is the most critical component of a business plan:

• Executive summary

• Company description

• Market analysis

• Financial plan

This makes it easy for readers to locate sections they want to read or review:

• Product(s) offered

• Table of contents

• Cover page

• Company description

What does the company description section answer:

• What is the general outlook for your industry?

• What is your business's marketing plan?

• Where is the business located?

• What will you charge for your products?

What should be included in the company description?

• Purpose of the business plan

• Expected life cycle of product(s)

• Barriers to market entry

• Business's operating days and hours

Which part mentions patents and copyrights?

• Product(s) offered

• Market analysis

• Strategy and implementation

• Management plan

Which part has a competitive analysis?

• Appendices

• Executive summary

• Market analysis

• Financial plan

What part takes the most time and research?

• Executive summary

• Market analysis

• Strategy and implementation

• Appendices