Writing an Effective Business Plan

Writing a Business Plan: SBA

1) use a loose-leaf binder to package your plan and aid you if you need to revise.

2) start with a cover sheet which includes biographical information (name, location, telephone, etc)

3) include a one or two page executive summary with an overview of the most important issues in your plane.

4) include a table of contents

5) dentify your target market and provides details about competitors. Include a pricing strategoy and explain how you will promote your business.

6) explain the benefits of your product/service to the customer.

7) details the bancgrounds of your management team.

8) identify future trends over the next 5 years

9) identify potential programs and how you will surmount these problems.

10) include a financial plan that includes a balance sheet, income statements for 3 years, etc.