Your purpose here is to show the reader of your business plan that you have a thorough knowledge of the people you are planning to sell your goods and/or services to - so thorough that you can make educated predictions about how much of your goods and/or services they might buy.
An investigation of your direct and indirect competitors, with an assessment of their competitive advantage and an analysis of how you will overcome any entry barriers to your chosen market.
If the goal of your business plan is to get funding, it's wise to make sure that your management plan includes an advisory board as a management resource.
A description of your business's physical location, facilities and equipment, kinds of employees needed, inventory requirements and suppliers, and any other applicable operating details, such as a description of the manufacturing process.
Regardless of the purpose, having templates at the ready can be helpful.
If you've never written a business plan before or just want to save time and effort, here are 10 websites where you can download a business plan template and get started.In this section of the business plan, you need to distinguish your business from the competition, persuading the reader(s) of your plan that your business will be able to compete successfully.A detailed explanation of your sales strategy, pricing plan, proposed advertising and promotion activities, and product or service's benefits.You want every aspect of your business plan to impress (especially if you're using it to ask for money).Business plans are used by entrepreneurs to secure funding for their business idea or by small business owners looking to refine their business strategy.Bplans' investor-approved business plan template has been used by Princeton University and Babson College to teach entrepreneurs how to start a business.The template starts with an executive summary and then guides you through the other elements, including the financial plan, company overview and more.Highlighting your new business's strengths will encourage your reader(s) to continue reading your plan.After completing all the sections, don't forget to insert a title page at the beginning of the plan followed by a table of contents listing each section with page numbers (see Simple Business Plan Template): This kind of business plan (yes, there are different kinds) is a formal document and it has to look like one.According to the website, each section can be copied into Word, Excel or a similar word-processing app by simply copying and pasting the text.The website also breaks down each section and provides instructions on how to download and fill in the template.