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Purposes Of A Business Plan

Provide evidence that your company offers a product or service that serves as a solution to a problem identified by your target market.

Information regarding service or product costs, suppliers and any new services which may be added should be included in this part.

Brief description of your company including the nature of your business and factors that will make your business a success.

Include a description of how your product or service will meet a need and any potential clients identified as having that need.

Your business plan will detail all aspects of your business operations from marketing to organization and management.

A separate section which should not be included in the main body of the business plan is the Appendix.

A crucial part of the business plan, the summary will basically tell readers the history of your company, where it is today and what direction it is headed; this is where you sell other on the potential success of your business idea.

Include in this section a description of the industry, information on your target market, evaluation of your competition and market test results.

Both past financial data as well as prospective financial data will be required by potential lenders.

Include the following financial statements for the past three to five years; cash flow statements, balance sheets and income statements.

350 comments

  1. The concept of business plan and its purpose leads businessman to formulate future expectations today. Steps creating business plan is shown below.

  2. If you have or are starting a small business, a business plan is an important step to expanding. Find out the importance and purpose of a.

  3. Do you want to expand your business, be more competitive in your industry or achieve certain goals? If you answered yes to any of the above.

  4. Reference our proven business plan template to most quickly and easily. that the idea is sound and that the business is poised to achieve its strategic goals.

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