Creating a business plan

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Creating a business plan

Creating a business plan is the most daunting task for both small and large business owner. Taking time and starting to draw a business plan is never easy for most entrepreneurs. However, there a factor of tips that cans the process much easy. Before starting the process, it is comparative to spend some time brainstorming, even before you put a pen o the business plan paper (Khatibi, 2002). Note down anything that occurs to the business environment. A business plan is a document that projects the roadmap of the business in the next 3-5 years ahead. It documents the road a business intends to employ to generate revenues.

Executive summary

As the name signifies, business plan executive summary contains all the information in the rest of the document. It is a snapshot of the business plan and documents the company key goals and profile. In a nutshell, an executive summary should be written last after all the other sections of the business plan have been covered.

Organization and management

Documentation of the best organization structure and management for the business indicate the key players in the management are outlined, together with their resumes.The business owner should use this section to certify to the investors that the team behind the management is indeed professionally competent for the assigned roles. However, it is considered unethical for the owner to lie about the management competency (Mirandola et al 2011).In case any position is vacant, indicate how the issue is going to be managed, for instance by outsourcing the functions of the lacking position holder, e.g. account docket.

Funding request

In case the business is seeking other sources of funds, indicate the potential firms or stakeholders to approach for the funds and document any necessary information about the funding process.

Company Description

Include the products of the busi.............

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