Your First Business Plan

Your First Business Plan-62
Highlighting your new business's strengths will encourage your reader(s) to continue reading your plan.After completing all the sections, don't forget to insert a title page at the beginning of the plan followed by a table of contents listing each section with page numbers (see Simple Business Plan Template): This kind of business plan (yes, there are different kinds) is a formal document and it has to look like one.

Highlighting your new business's strengths will encourage your reader(s) to continue reading your plan.After completing all the sections, don't forget to insert a title page at the beginning of the plan followed by a table of contents listing each section with page numbers (see Simple Business Plan Template): This kind of business plan (yes, there are different kinds) is a formal document and it has to look like one.

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A description of your funding requirements, your detailed financial statements, and a financial statement analysis.

This part of the business plan is where you will present the three main financial documents of any business, the balance sheet, the income statement and the cash flow statement.

Surprisingly, Cerulo and Mazur still recommend starting with a business plan.

“No one wants to read your business plan,” Mazur says, “but going through the process of writing it helped us get on the same page and also come up with answers to any questions potential investors would throw at us.” While starting a business with your best friend sounds like the ultimate dream, it could be a disaster, and that’s why a business plan can help.

If you work through each section of this outline, in the end you'll have a complete, well thought out business plan that you'll be able to submit to a financial institution in order to request a loan or to potential investors for equity financing in your business.

While appearing first, this section is written last.

Generally, in a business plan, you want to "put your best foot forward".

So if, for instance, you have a stellar group of people serving on your new business's advisory board, by all means, put that section directly after the Executive Summary.

This article explains how to outline a business plan, listing the sections in the order in which they will appear in your completed plan with a brief explanation of each section to help you get organized and guide you through the process.

In each case, following the section title link will take you to an article that details how to write that particular section of the plan, while in some cases, there are also linked examples that you can use as models to write that section.

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