If you are planning on starting a business at any point in your life, writing a good business plan is absolutely crucial. You should be able to write a 5 page summary of your business and plan using this business plan template: Need, Solution, Market, Competition.
The following needs to be crystal clear when writing your business plan:
- What you have done to date and what you plan on doing and the budget for that.
- Information about what your business is. Is it a partnership, who owns it, how old, location, are there other partners? Information an investor, banker, or community government program, would want to know.
- How the investor can be involved in the deal you are offering. Note they are not interested in a 10% loan; they want their money to multiply 3-5 times in 3-5 years. What is your exit strategy for them?
email me with questions js@businessplanpw.com
You’ve made some good points there. I checked on the web to learn more about the issue and
found most people will go along with your views on this website.
Thank you Jim! We are excited about helping others succeed!