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This is a concise, clear summary of all the major information about your planned business. It should be delivered in an attractive and unique way and limit the summary to one to three pages. The summary should clearly state what you expect from the investor, the returns, exit plan for the project, and top selling points of the investment proposition.
This section should describe what your business is all about, including the legal structure of the business, how it came to be formed, location, type of business conducted, and the products and services you will provide to your customers and clients.
It should include cash flow forecasting, profit plan preparation for future development, flexible budget, breakeven analysis, variance report to ensure control of expenses, executive review, and daily, weekly, and monthly management meetings.
This section should detail the ownership of the company, who is part of the management team, and who are the board members. An organizational chart should be included, and each managerial position should list the name of the person, primary responsibilities, education, who they manage, special skills, number of years with the company, and prior employment.
There are four legal structures, including Sole Proprietorship, Partnership, Limited Liability Company, and Corporation. It depends on you to decide which one you would like for your new business.
This section should describe what you are selling and what makes it unique. It should also include information on the benefits of the product or service to the customer, and how it compares to the competition.
It should describe how you plan to market and sell your product or service. It should include information on the target market, marketing strategies, sales tactics, and pricing.
This section should include a detailed analysis of your financial projections, including income statements, balance sheets, and cash flow statements. It should also include an analysis of the break-even point and the return on investment.
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Writing a business plan is an essential first step in building a successful business. It can help you gain a deep understanding of what it will take your business to succeed. By taking ownership of this first, most important step in building your business, you will gain far more than a crisp, dot document to be read by others. It will also give you the confidence and knowledge to successfully start and run your own business. Here it is a concise resume of "How to Write a Business Plan Step by Step" where are shown 50 steps to make it in the best way!
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