Business plan is written in specific order as it has
to be very well-knitted because it is not just a piece of paper rather this
piece of paper determines the destiny of your business. So lets have a look at
the essential sections of a business plan these are the points to be included:
1.
Executive Summary after the title page
Then executive summary will provide reader about you, so its
significance is immense. So mention very clearly what you are asking for.
2.
Business Description
Provide a little description about the industry at the
out-set. You should provide the following descriptions:
• Present outlook
• The future possibilities
• Provide information on all the diverse markets within the industry
• Provide information about new products
• Providing information about developments
Market
strategies
Entrepreneurs have to go for market analysis that enables
them to understand the aspects of the market. By doing this they get to know
how to define target market.
Competitive
Analysis
What
is the purpose of competitive analysis
• It determines the strengths and weaknesses of your
competitors (within your market)
• You will be equipped by the strategies that will hinder the competition from
entering your market.
Design
& Development Plan
Purpose:
• A description of a product’s design is provided to investors
• A development budget is created in this connection
Operations
& Management Plan
It is designed to elaborate that on stable bases how
business can be functioned. The plan of operations tends to throw light on the
logistics of the organizations. For instance the different responsibilities
carried by the management team. In this scenario each division is given a set
of tasks within the company.
Financial
Factors
Financial data is always placed at the back of the document of business plan.