CREATE A BUSINESS PLAN OF YOUR CHOICE. ( FOR A NEW BUSINESS THAT YOU WANT TO START AND YOU ARE SEEKING FINANCING/INVESTMENT)

THE PLAN SHOULD INCLUDE ATLEAST THE FOLLOWING POINTS-

1. Concept

A key purpose of a business plan is to give readers a total understanding of the company's goals. This part of the business plan is usually broken down into three elements: executive summary, company description and products/services.

The executive summary is a quick introduction describing who runs the business and what it will offer. Follow that with the company description, which is a brief overview that includes the company structure, principal staffers, nature of the business and its short- and long-term goals. Finally, there is a description of products and services the company plans to provide, which demonstrates how the business stands out with its unique offerings

2. Market Analysis

An entrepreneur has to show that he or she has a full understanding of what they are getting into. The market analysis details the target audience demographic, as well as provide a general overview of the industry. Specifics about the competition can also be included.

3. Strategy

Investors want to know the nitty-gritty of the companys plan for execution and what it will do to achieve success. For example, if an entrepreneur were pitching a smokeless cook stove, he or she would explain why this cook stove works better- both as a product and a business. Why is it an efficient model? How will it be sustainable? What will the business look like in six months, a year and beyond?

4. Organization

This item allows for a detailed reporting of how the company may operate. Its smart to project how the company will grow once it receives a certain amount of funding or reach a projected amount of revenue.

5. Financials

Business plans also need to show how the idea is truly a good business, so a financial analysis is critical. This is especially true for startups trying to sell their plan to prospective investors. For entrepreneurs who don't have any prior financial data to show, they can project the budget for the next five years based on anticipated growth.