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Is Your Business Plan Missing These Key Ingredients?

by on July 20, 2018 in The Biz Tips

All business plans are not created equal. Business plan writing can be overwhelming because truthfully there is a lot that needs to be included, organized, and formatted. Additionally, all of this (potentially confusing) information needs to put together in a manner appealing to investors.

Every business in every market needs to perfect their business plan writing to include these key ingredients for business planning and investment opportunities.

 

Executive Summary

The very beginning of your business plan includes the executive summary. This is a very clear and concise yet brief summary of your business.

Even though this is the beginning of the plan, it’s best when written last. This way you’re able to summarize the other key points. This section also includes a few underwhelming but essential pieces of information like business name, location, and contact information. So, don’t skip it.

Description

The meatiest part of business plan writing is found in the description. Your description includes the story of conception, how and why your business matters. Other parts of the description include financial projection, company growth, and highlights.

Where investor’s ears perk up is when you describe your goals and steps toward executing them. Don’t leave anything out but make every word count.

Products & Services

This is an obvious but often overlooked part of business plan writing. Your products and services are mentioned throughout your business plan (duh, these are your business). But, they deserve their own section. Take this opportunity to really sell the pain points of your target market and how your products and services provide solutions. Be specific and include proof.

Projections

Where do you see your business going and at what pace? This portion of your business plan is data based. If you’re a fan of numbers, here’s your chance to shine. Statements, expenditures, cash flow, and capital are used to support your projections. Summarize this section with a financial trend analysis.

There are a few other essentials Bargain Business Plans includes. Contact us to discover the full impact of strategic business plan writing.

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