Starting a business requires a solid plan. Each step is important, and the better organized you are, the more solid your new company is likely to be. Think of your business plan as the map you'll use to guide you through each stage of starting a business.
Develop your executive summary, which explains the purpose of your business, its current stage, and where you envision it being in five years.
Write a company overview that adds more detail to the information provided in the executive summary. The company overview includes in-depth information about how your company is structured and what the company does.
Analyze your niche, the marketplace, and your competition. The market analysis enables potential investors to understand the company and feel confident about investing.
Outline who will do what in your company. Provide information about the experience and background of everyone on your team.
Your business plan needs to fully describe the products and services you will be selling. Provide more information about the consumers who need or want your product and the need the products fulfill.
Explain how you will market and sell your product or service. Go into detail about how you will get consumers interested in what you are selling.
If the company has been operating already, provide data to show the state of its finances. If the company is brand new, provide financial projections as determined by research and analysis.
Add an appendix at the end of the business plan that provides supporting information. The appendix is for any information you did not specifically cover in the plan.