Purposes Of A Business Plan

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Your business plan will detail all aspects of your business operations from marketing to organization and management.

This document not only helps owners see where the business is headed, it is also required by most lenders and potential investors. Focus on the following nine elements when drafting a business plan for your small business.

Both past financial data as well as prospective financial data will be required by potential lenders.

Include the following financial statements for the past three to five years; cash flow statements, balance sheets and income statements.

There are several essential elements of a good business plan according to the U. Although this is the first section readers will see, it should be the last section of your business plan written.

N Essay Within A Book - Purposes Of A Business Plan

The executive summary is an overview of the entire business plan and will either capture the readers attention or make them lose interest before reading any further.

The same statements should be prepared with forecasted data for the next five years.

A separate section which should not be included in the main body of the business plan is the Appendix.

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