You can also download a free cash flow forecast template or a business plan template on the Start Up Loans website to help you manage your finances. Get detailed information about how to write a business plan on the Start Up Donut website.
A business plan is a written document that describes your business.
However, there's only one time when EVERY entrepreneur and business owner develops a business plan. Since virtually all lenders and equity investors require a formal business plan.
To help you out, here is my proven business plan template, and the information below details the 11 key sections to include in your plan. Cover Page As simple as this seems, include a cover page with your contact information so potential investors can easily reach you. Executive Summary If investors don’t like your Executive Summary, they won’t read any further, so this section is critical.
Also discuss the stage of your company: what successes has your company already achieved? Industry Analysis In the Industry Analysis section, you will detail the market in which you are competing, how large it is, and what trends are affecting it. Customer Analysis Here you will identify who your target customers are and their needs.
Get as specific as you can with regards to the demographic and psychographic make-up of your customers. Competitive Analysis In this section, identify your competitors and their key strengths and weaknesses.Concisely describe what your business does and what market need it solves.Of critical importance, describe your “unique success factors,” which are the 4-7 reasons why your business will be successful.Be sure you can not only present your business well in the written business plan, but in person.Since investors and lenders will want to meet you face-to-face before writing a sizable check."All entrepreneurs and business owners should have a business plan.Include any additional details, such as patent information, customer lists, etc., that help prove to investors that your company is a great investment opportunity.Using this business plan template and the information detailed herein will force you to think through your business and document it in a way that investors and other readers fully understand.Preparing To Write Your Business Plan Writing Your Business Plan Finalizing Your Business Plan Help Writing a Business Plan Show 1 more... He has over 40 years of experience in Business & Finance. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas.It covers objectives, strategies, sales, marketing and financial forecasts.A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.