How To Write A Business Plan

by Olayinka Oyelami About Me

Business Plan is a written document that outlines a company's goals and how it plans to achieve them. It also encompasses several other aspects of a company's future agenda.

Recommended Features

Planing
Organization
Goal setting
Strategy
Tactical

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Review on How To Write A Business Plan

A Business Plan is also known as a:

Business Proposal
Marketing Plan
Business Strategy
Marketing Strategy
Sales Plan
What is a Business Plan?
A Business Plan is a written document that outlines a company's goals and how it plans to achieve them. It also encompasses several other aspects of a company's future agenda and can serve as a tool for internal decision-making or as a business proposal to pitch to potential investors.

Who needs a Business Plan?
Those who are starting a business or who have an existing business, including sole proprietors, general partners, limited liability company (LLC) members, and even corporations, should have a Business Plan to map out their strategies and goals for their company.

When should I use a Business Plan?
A Business Plan is essentially a tool for planning and education. It can be used to build the framework for your new or existing enterprise, and to set goals for your business.

It can also be used by your startup as a way to present your ideas, sales projections, and plans for achieving your objectives to potential investors for funding purposes.

Ultimately, whether you plan to launch a company, transition from being a freelancer to a small business owner, or wish to recreate, improve, and organize your current business, a Business Plan is a helpful document for steering your business forward and informing others of your plans.

What is included in a Business Plan?
While a Business Plan may vary in how it is organized, it can include:

Executive Summary: This portion of the plan summarizes your company. It can include an overview of your company's management structure, a description of your product/service, your goals, and a summary of your finances and marketing strategy.

Business Description and Mission Statement: This is a brief rundown of your business's history, ownership, and its mission or vision statement.