Business Plan Generator
A business plan is a comprehensive written document that describes in detail how a business — usually a startup — defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints.
A good business plan typically includes the following sections:
- Executive Summary
This is an overview of the entire business plan, summarizing the main points and explaining your business idea. - Company Description
This section explains the nature of your business and the market needs that you are trying to satisfy. It should illustrate your business’ value proposition. - Market Analysis
Here, you need to demonstrate your knowledge about the industry in which you are operating. You should identify your target market, its size, growth potential, and your planned strategies to meet the market’s needs. - Organization and Management
This section should include your company’s organizational structure, details about the ownership, profiles of your management team, and the qualifications of your board of directors. - Service or Product Line
Here you describe your product or service, focusing on the benefits to potential and current customers. You should also provide information on product lifecycle, intellectual property, and research and development activities. - Marketing and Sales Strategy
This is where you define your marketing and sales strategies which you will use to reach your target market. - Funding Request
If you are seeking funding, describe the amount of money you need and how you plan to use the funds. - Financial Projections
This part of the plan includes projected income statements, balance sheets, and cash flow statements for the next five years. You should also provide a break-even analysis. - Appendix
An optional section that contains résumés and permits.
A good business plan not only helps businesses focus on the specific steps necessary for their to make ideas succeed, but it also helps them to achieve both their short-term and long-term objectives. A good business plan should be realistic, clear, concise, and compelling. It should also be adaptable to changing circumstances.