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The Product section explains all of the products and services your bakery will provide.Price refers to the price points at which you will sell each item, along with your reasoning for choosing those prices.
Is there a certain design theme you will have amongst your baked goods? Whatever it is you are doing to differentiate yourself and become a talking point for your potential clientele is going to be the most important detail of your business.
Make sure it is well thought out and articulated within your business plan.
Provide a list of all revenue streams, including their relative importance and timeline for implementation, as well as sources of outside funding.
Include a summary of past and projected Income Statements, Balance Sheets, and Cash Flow Statements.
Customer Analysis This section explains your customers and how you will fulfill a need for them. Create a more general category for your indirect competitors and discuss them as a whole.
Marketing Plan Your marketing plan explains how you will penetrate your target market, based on the four P’s: Product, Price, Place, and Promotion.
A strong advisory board can help make up for weaknesses, provided you clearly articulate how your advisors will directly affect the company’s growth.
Financial Plan The financial plan is often the most difficult part of the business plan to write, yet it is the section that potential investors and lenders spend the most time analyzing.
Management Team This section provides biographies of the key members of your company’s management team, with an emphasis on strong business skills.
Focus on educational background, previous experience with successful start-ups, and other elements that demonstrate the ability to build a company.