Critical Elements of Your Written Business Plan – The Sections (Part 2)
The first part of your business plan takes into consideration your target audience, what they expect, and how the product or service you will be providing will meet or exceed their needs and expectations.Â
The following sections will apply across the board, but keep in mind that if your audience includes investors, venture firms, and or banks, your business plan would be much more detailed. These are ‘bare bones’ guidelines written with the entrepreneur, solo-professional, or small business owner who needs to have a written business plan to serve as a guide or track to run on.
 When organizing a business plan, break it down into sections such as:-
 1. Business summary – The product or service you will provide. What you will have to offer must be clearly defined. Imagine that a stranger is reading your document. By the end of the first paragraph your reader must clearly understand whether you will be (more…)
