Business Plan For A Business Essay

1708 WordsOct 1, 20167 Pages
Whether you are planning to start a brand-new business, expand an existing company, or get financing for a business venture, you will need to write a business plan. A business plan not only lends your business a sense of credibility, but also helps you to cover all your bases, increasing your chances of success. Although writing a business plan can be a lengthy, intimidating project, it is not necessarily difficult. Here is an overview of how to write a successful business plan. What to Include in Your Business Plan Your business plan needs to demonstrate that you have thoroughly considered all aspects of running your business. To that end, the standard business plan has nine major sections, covering everything from your business 's mission statement to a detailed financial analysis. Executive Summary The first - and most important - section of your business plan is the executive summary. This section is so important that it should literally be the first thing the reader sees - even before the table of contents! However, it should also be written last, as you 'll have a better understanding of the overall message of your business plan after you 've researched and written the other sections. One of the most important parts of the executive summary is the mission statement. The mission statement is only three or four sentences long, but it should pack the most punch out of everything else in your business plan: Those four sentences are responsible for not only

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