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What Are the Components of a Business Plan?
What a business plan should include | pazarce.info
Your business plan gives lenders and investors the information they need to determine whether or not they should consider your company. Your business plan outline is the first step in organizing your thoughts. And, when you follow the outline below, you ensure your business plan is in the format that prompts investors and lenders to take action. In the business plan outline below, you will see the ten 10 sections common to business plans, and the twenty-three 23 sub-sections you must complete. Also, to help you out, here is my proven business plan template , that allows you to quickly and easily complete all the sections of your business plan.
What is the Importance of a Business Plan?
The financial section of your business plan determines whether or not your business idea is viable and will be the focus of any investors who may be attracted to your business idea. The financial section is composed of four financial statements: the income statement, the cash flow projection, the balance sheet, and the statement of shareholders' equity. It also should include a brief explanation and analysis of these four statements. Think of your business expenses as two cost categories: your start-up expenses and your operating expenses.
A business plan is your route to securing investment and funding. This will form a key part of your pitch. Cue long nights of stress and worry as you wonder what exactly you need to include to convince an audience that your business idea is destined for success — and worthy of their hard-earned cash.