An Introduction to Business Plans
Plans Business CAN help the perform a number of tasks for the who Those the write and the read Them. They are used to attract potential investors. They may also be used by companies that are trying to attract key employees, prospect for new business.
So what's included in the business plan, and how do you put together? Simply stated, a strategy you'll use to meet them, potential problems that may confront your business and ways to solve them, the organizational structure of your business (including titles and responsibilities), and finally, the amount of capital.
Sound impressive? It can be, if put together properly. A good business plan. There are three primary parts to a business plan:
- The first is the business concept , where you discuss the industry, your business structure, your particular product or service, and how you plan to make your business a success.
- The second is the marketplace section , in which you define and analyze the potential customers: who and where they are, what makes them buy and so on. Here, you also.
- Finally, the financial section contains your income and cash flow statements, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.