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Specializing in financial advice for small business owners, Meredith is a current and past contributor to Yahoo!
For sales, describe how a sale will actually happen.
Who will make sales, what tools will they use, and what is the overarching strategy for obtaining, converting and maintaining leads? Financial plan and projections Here, you’ll discuss both your current and future financial situation.
What need do they fulfill and why will customers want to buy or obtain them, particularly over the products or services of competitors?
Of course, your product isn’t just an item on a shelf.
Logistics-wise, you should have an organizational chart that describes who is in charge of what in your company.
Even if it’s just you or you and a few employees, lay out each person’s responsibilities as well as backgrounds and experience. In addition, include information about your company’s legal structure here. This helps investors or lenders understand what legal protections you may or may not have in place. Product development plan Describe your products or services here.
This is also a good place for charts, graphs and other points of reference.
There are two ways that businesses choose to format their business plan. Traditional business plans have a standard structure and typically span a dozen or more pages due to their detailed analyses, as described above.
You can and should give the concept your personal spin.
That said, there are areas that most business plans cover, in varying amounts of detail.