Here are some sections that you may want to include in your business plan: The executive summary is an overview of the key points contained in your business plan and is often considered the most important section.
It is usually the first section that a potential investor or lender will read, and may be the only section to be read if it is not prepared properly.
Although the executive summary is the first section of the plan, you should write it last.
This section should briefly but clearly describe what your business is all about.
Your forecasts should run for the next 3 to 5 years.
However, the first 12 months' forecasts should have the most detail, including assumptions both in terms of costs and revenues, so investors can clearly see your thinking behind the numbers.
As you put your plans down on paper, remember the importance of thinking objectively.
Analyzing your venture from three points of view — optimistic, pessimistic, and realistic — can give you a solid idea of what to expect as you move forward.
Your business plan should outline your current operational requirements as well as your projected requirements for the next 3 to 5 years.
Your inventory management and accounting systems should have the ability to produce up-to-date reports.