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Cover Letter A cover letter is essential whenever you are presenting the business plan to somebody for a specific reason and should be tailored to each individual.
Like any other letter, it should include names, dates, and a cordial greeting. In the first paragraph, explain exactly why you are presenting the business plan to the recipient. Take one or two paragraphs to discuss your business an even more condensed executive summary, as we will cover in the next section.
Finally, let the reader know you appreciate their consideration and would be happy to address any questions or concerns.
Include any necessary contact information below your name and signature. Title Page Your title page should be clean and simple. The title of the document i. The name of your company.
A sub-heading, if necessary i. Who the business plan was prepared by. The name of any other owners or key partners. Table of Contents A table of contents is essential to make your business plan transparent and easy to navigate.
It is unlikely that a serious potential partner or investor will read through your plan once and toss it aside, so you want to make it easy for them to return and pick up where they left off or revisit any key bits of information.
Executive Summary Although the executive summary is one of the first sections of your business plan, it makes sense to write it last.
The executive summary is exactly what it sounds like — a brief summary that describes the essence of what your business is and what it aims to do.
Begin with a single sentence that sums your business up. This is otherwise known as your value proposition. Describe what niche or problem your business fills or solves.
Explain exactly how your business solves this problem in a way that the rest of the competition does not or cannot. For somebody outside of your organization, it will act as a primer on exactly how your company is structured, how it operates, and what its goals are.
Limited partnerships, or LPs, are a bit more complicated. There are two types of corporations, which vary in terms of shareholder limitations and tax liabilities: S corporations and C corporations. Limited liability corporation LLC: Are you the sole owner?
Do you have business partners? Has anybody purchased a share of the business in exchange for funding? Provide a brief introduction to any key executives or owners, outlining what strengths they have and how they will impact the business.
Finally, include a brief history if any of your business, and any pertinent location details. Business Vision, Mission, and Values This is one of the most important sections of your business plan.
A vision statement is your chance to think big. Mission Where a vision statement thinks big, a mission statement is more practical.
Why does it even exist in the first place? This mission statement will act to provide organizational direction and help you achieve your vision.Nov 12, · How to Write a Business Plan.
In this Article: Article Summary Doing Your Homework Structuring Your Business Writing the Business Plan Sample Business Plans Community Q&A Creating a business plan will help you achieve your entrepreneurial goals.
A clear and compelling business plan provides you with a guide for building a successful enterprise focused on achieving .
A business plan is written summary of a business man’s proposed business, plan is an operational and financial details, plan is marketing opportunities and strategy and also plan is .
BU Critical Thinking and Communication in Business Saint Michael's College. Preparing the Business Plan--report and presentation (due 3/5) Write the Business Plan as a report, not a memo.
Include a cover page with the name of the group/company, the names and positions of the members/managers, the class, date. 3 Pricing It’ll pay (in more ways than one) to get your prices right. They’ll need to do more than just cover your costs if your business is going to grow – they need to make you a profit.
The key to writing a good business plan is to compile a sound table of contents before you start writing. Note: Free-Plan, a comprehensive page Business Plan Guide and Template based on this business plan guide, can be downloaded for free here.
Writing a business plan is a daunting exercise. There are no true standards for substance or length, but the documents often run between 30 and 60 pages and include content related to all aspects of the business and industry.