A business plan is a summary and appraisal of your business concept. Even if you have an excellent infrastructure and business partners, and you have a huge pipeline of clients that you obtained through marketing, all will be for not if your proposals do not provide your clients with the necessary services they need at a fair price.
It contains important information including its registered name, address of any physical locations, names of key people in the business, history of the company, nature of the business and more details about products or services that it offers or will offer.
The second step you’ll want to take when writing a business plan is to add your company overview Although this step may sound similar to what you just wrote in the executive summary, the company overview isÂ a top-level look into the structure of your business and what you do.
The plan may include details about the need for the organization’s services (a needs assessment) and about the likelihood that certain funding will be available (a feasibility study) or about changes to the organization’s technology or staffing that will be needed in order to successfully advance its mission.
After you are satisfied with your business plan, you will want to present it to your primary audiences, whether they are external (for example, bankers and investors) or internal to your business (for example, Board members and the Chief Executive Officer).