By On Oct 04, 2018 Business Plan
A plan intended strictly for internal use may also omit some elements that would be important in one aimed at someone outside the firm. You probably do not need to include an appendix with resumes of key executives, for example. Nor would a working plan especially benefit from, say, product photos.
Much will depend on the nature of your business. If you have a simple concept, you may be able to express it in very few words. On the other hand, if you are proposing a new kind of business or even a new industry, it may require quite a bit of explanation to get the message across.
So whats included in a business plan, and how do you put one together? Simply stated, a business plan conveys your business goals, the strategies you will use to meet them, potential problems that may confront your business and ways to solve them, the organizational structure of your business (including titles and responsibilities), and finally, the amount of capital required to finance your venture and keep it going until it breaks even.
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