Today’s Tip • Business Plan; Each Section
Looking at your business plan layout you’ll notice each section. Some sections almost seem repetitive throughout your plan. This gives you a better sense of your company’s direction. The attached file will explain a much further understanding of each section. Keep in mind, we suggest you look over “Business Plan; Layout 01” and brainstorm over what your company stands for. Go through each section and see where you are.
Once you have spent some time on that then download this PDF “Business Plan Layout 02”. Each section is laid out to show you what you should write to help present your business plan in the best possible way. Of course, this is again, just a layout / guideline. There are many ways to approach writing a Business Plan. This is just one way we’ve decided to describe for you.
While working out your sections, keep in mind that each one is as important as the next. You’ll have 8 sections to work through; Executive Summary, Business Description & Vision, Definition of the Market, Description of services, Organization & Management, Marketing and Sales Strategy, Financial Management, and Company Background. If you find yourself having trouble thinking of ways to explain your company in words, step back and take a breather.
After a few minutes, or even an hour, call up or talk with someone. Ask them if you could explain to them your business in a nut shell. Tape yourself talking. What you say is going to be a great starter for you. Have this other person ask you questions based on the Business Plan layout. Just answer them with the passion you have inside of you for your brilliant idea! There are no wrong answers, just the answers that explain what you are looking to do with a new company.