What Makes A Good Business Plan

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There should also be some room for flexibility and contingency options to fall back on, should an aspect of the projections not work out as planned.

Preparing for other eventualities demonstrates decent business sense, something that will be critical for potential investors to see before they agree to fund a project.

But they all tend to have the same elements, including an executive summary of the business and a detailed description of the business, its services and/or products.

It also states how the business intends to achieve its goals.

Most importantly, any financial information included in a business plan should be well-researched and sound.

The business model should make sense to an outside observer and clearly show the forecasted revenues, costs and cashflows.

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