What Are The Parts Of A Business Plan?
Business plans are very important documents
Business plans are very important documents. It defines a specific business plan about a business. It is usually well orchestrated document made after a lot of hard work and research done regarding a specific industry. Business plan need to be complete with all its main parts otherwise it becomes really difficult to make a direction out of it. Some of the main parts of the business plan which must be in it are as follows.
1.Cover Page
2.Table of Contents
3.Executive Summary
4.Industry information
5.Company information
6.Marketing Plan
7.Financial Projections
8.Appendix
1.Cover Page
This is the first page of the business plan. It usually contains the name of the business for which it is made, the logo of the business and the name of the document i.e., business plan. This page is very important part of the business plan as without it the document wont be complete. It gives a sense of completeness of to the business plan and also aesthetically enriches it as well.
2.Table of Contents
The table of contents contains detailed index of the different textual material present on the document and also refers to the pages on which they are made. Table of content is also very necessary as without it, it would be difficult to find any content any reader is interested in.
3.Executive Summary
Executive summary is also of great importance. It usually summarizes into brief all the contents laid in the business plan. It also saves a lot of time for the top executives, who are short of time to know what does the business plan contain?
4.Industry information
In this part of the business plan, industry information is given. Industry information makes a layman aware of the industrial facts. This section helps your reader recognize about the general trends of the business and helps you present your company case afterwards more easily.
5.Company information
This is the section where you can put the information about your company. It not only contains the general information about the company but a lot of other informations like its history, its mission, vision and management brief. This is the most important parts of all as it is the section for which all the other parts of the plan are constructed.
6.Marketing Plan
In this section the companys marketing plan is unveiled. In this part every aspect of the marketing is cover. The detail of each aspect of marketing plan is discussed in this section.
7.Financial Projections
This is the part where numbers and figures come into play. The financial projections part determines the revenues of the company. These revenues obviously based on the sales estimates being put in by the marketing plan. This part includes all the calculations for the payback and all the other financial information in detail.
8.Appendix
This is the last part of the business plan. It contains information regarding all the terms and notes that either needed lengthy explanation.
by: William
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