It includes the name, address and telephone number of the business and the names of all principals.
Raises the questions that you need to have answered in order to succeed in your business.
Establishes a system of checks and balances for your business so that you avoid mistakes.
And, it certainly is a good strategy for beating the competition or retaining your competitiveness. The Location The location of your business can play a decisive role in its success or failure.
Your location should be built around your customers, it should be accessible and it should provide a sense of security.
Emphasize any special features that you feel will appeal to customers and explain how and why these features are appealing.
The description of your business should clearly identify goals and objectives and it should clarify why you are, or why you want to be, in business. Product/Service Try to describe the benefits of your goods and services from your customers' perspective.Consider these questions when addressing this section of your business plan: It may be a good idea to make a checklist of questions you identify when developing your business plan.Categorize your questions and, as you answer each question, remove it from your list.Description of the business In this section, provide a detailed description of your business.An excellent question to ask yourself is: "What business am I in?Successful business owners know or at least have an idea of what their customers want or expect from them.This type of anticipation can be helpful in building customer satisfaction and loyalty.Each is sufficient by itself for why one must go through the exercise of preparing the actual business plan.This guide discusses free small business plans, business plan outline.Regardless of the specific reason, the underlying goal of preparing a business plan is to insure the success of the business. Financial Data (1) Loan applications (2) Capital equipment and supply list (3) Balance sheet (4) Break-even analysis (5) Pro-forma income projections (profit & loss statements) * Three-year summary * Detail by month first year * Detail by quarters, second and third years * Assumptions upon which projections were based (6) Pro-forma cash flow * Follow guidelines for (5).Here are the main reasons why a business plan should be prepared: Below is an outline for a simple business plan format. Writing The Business Plan - What It Includes What goes in a business plan? And, one that many new and potential small business owners should ask, but oftentimes don't ask.