The mere thought of putting a business plan together can send even the most enthusiastic entrepreneur into a tailspin, but writing one can help you work out whether you actually have a viable business idea on your hands.
First and foremost, the person who must be convinced by your business plan is you. After all, if you’re not persuaded by it, why should anyone else be?
Once you’re sold on the basics, you can use your business plan to convince potential sources of finance, investors, partners, and employees that you’re the real deal.
This jargon-free guide will give you a better idea of how to get the ball rolling.
• Section 1 – Executive summary
• Section 2 – Products and services
• Section 3 – Management team
• Section 4 – Marketing
• Section 5 – Operations
• Section 6 – Financial plan
• Glossary of terms