The Successful Business Plan

The Successful Business Plan-67
Once you have completed your business plan, review it regularly to monitor the progress of your business and make necessary adjustments.Keep a record of every business plan you distribute.

Once you have completed your business plan, review it regularly to monitor the progress of your business and make necessary adjustments.Keep a record of every business plan you distribute.A business plan is essential to attracting investment for startups.

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Organization and Management This section captures the organizational structure of your business and the background of its key people.

It discusses your business’s divisions, their respective responsibilities and how they interact.

It touches on your business’s mission, history, organization and structure.

The executive summary should provide a brief overview of your products or services, your strategy for marketing your products or services, and a summary of projected sales, profits and cash flows.

This allows you to update all copies of your business plan — and ensures your information stays in the right hands.

If you plan to give your business plan to private investors, include a private placement disclaimer. Small Business Administration sponsors a website that offers ideas for business plans and other helpful information at gov.

Appendix This section includes supplemental materials such as resumes of your company’s leaders, product designs, complete market analysis, legal documents and reference letters.

The appendix should be provided on an as-needed basis — especially if it contains sensitive information.

The sales strategy outlines how you intend to sell your product.

Funding Request (Optional) If you are using your business plan to attract investors, this section should state the capital your business requires and how your business will use that capital.

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