Business plan is an evidence that the business will generate enough revenue to cover expences and deliver good returns on investment for the owner and share holders. There are many ways of formulating business plan but all of them must contain.
1.Executive summary of less than two pages which highlights features the business plan.
2.Decscription of the company,its owners and history of the company.
3.Products and or services that the company will specialize on.
4.Market analysis which provides a summary of customers,listing competitors,pointing out the market size and the anticipated growth.
5.There should be a section showing strategies and implementation on ways of selling the product and action plan to be taken.
6.There should be financial plan indicating cashflow,sales and profit.
7.The management team background which includes their experience and key accomplishment must be in the management summary.
Individuals could hire somebody to write their business plan or they could make use of good business plan softwares.
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