So, you’re finally ready to hit the ground running with your fresh ideas for a brand-new startup. But in order for your venture to get anywhere worth going, you’ll have to write up your business plan first.
What’s a business plan, you ask? Well, it’s one of the most important aspects necessary for your company’s success. In a nutshell, a business plan is a written roadmap that lays out where you want your company to be in the future, explains how you plan to get there, and describes the day-to-day operations of your business. It’s also your key to attracting new investors, employees, vendors, business prospects and more.
To someone who’s new to the world of business entrepreneurship, this all may sound like it’s much easier said than done. Don’t let the idea of taking on this task intimidate you: To make the process easier, we’ve created this complete beginner’s guide that covers everything you need to know about writing an effective business plan.
What does a business plan include?
There are several different puzzle pieces of information that fit together to create a complete business plan:
Now that we have identified what the puzzle pieces are, we need to put them together properly. There are a few general guidelines for form that every good business plan should follow, and each plan should consist of these three main parts:
Those three main sections are broken down even further into seven key topic categories, which include:
Once these details are flushed out, your business plan will need just a few finishing touches: a cover, title page and table of contents.
Click here to read the full guide to writing a business plan and start mapping out the bright future of your company! Make sure to also visit our Business Services page, where you can find solutions for all of your business financial needs, such as business deposit accounts, lending, investments and more.
The information provided in this blog post is based on the Entrepreneur.com article “An Introduction to Business Plans.”
The content provided in this blog consists of the opinions and ideas of the author alone and should be used for informational purposes only. VyStar Credit Union disclaims any liability for decisions you make based on the information provided.