Your business plan and business profile is the roadmap that you will follow not only in the beginning of your company, but throughout your time in business. It includes future strategy development to review the prospects of an acquisition through valuation analysis, adding value for a potential merger and cultivating ideas and advice on restructuring or reorganization. It is important for the reader to thoroughly understand your product offering or the services you currently provide or plan on providing.
Your cover page should include: The words “Business Plan” centered in large bold font, along with your company name, company logo, and contact information. A company profile essentially describes the history of an organization, the target market, and audience, resources, and product and service offerings.
Research should take up ample time as compared to the rest of the process for writing a business plan. Just as there are many types of entrepreneurs and business ideas there are many kinds of business plans. You may want to consider the following key questions to help determine if you are ready to start writing your business plan.
If you are planning to sell microwaves, for example, then the percentage of annual sales of microwaves within the industry might be your starting point. Investors look for great teams in addition to great ideas. Accommodate your investors, and keep explanations of your product simple and direct, using terms that everyone can understand.
The purpose of business plans are not only limited during the times when something goes wrong but it is also needed to see the future of the business. Your business plan will provide the basis for your finance proposal which is the document submitted to the financial community in order to get your finances to start or expand your business.