To make the best impression, it is important to have your business plan checked over by a professional who has experience editing business documents. Business editing can make your plan sound professional, which is important if you will be showing it to potential investors. You can also use a business editing service to make sure your business plan is reviewed properly. Here is information about writing a business plan and working with an editor to polish it.
- Download a business plan template. Although parts of the template may not apply to your business, it can provide a good starting point in the process. Business plan templates can be found in numerous places online including the U.S. Small Business Administration website.
- Decide on your business plan’s objective. The purpose of your business plan will determine what type of information needs to be included. If you are using your business plan to raise capital, for example, then you will need to include financial information about your business.
There are approximately nine parts of a business plan:
- Executive Summary – This is the first page of your business plan and serves to summarize the entire document. It is the most important part of your business plan because it needs to capture the attention of your target audience and convince them to keep reading.
- Market Analysis – Information about your company’s industry, your competition, your target market, and any conclusions you draw from your analysis of the market goes in this section.
- Company Description – In this section, give a detailed analysis of your business and how all parts of the company will work together to achieve the company’s objective.
- Organization and Management – Information about the company’s organizational structure and top-level managers goes in this section.
- Marketing and Sales Management – It is important for you and your investors to know how you will attract and keep customers. Provide a detailed marketing strategy in this section of the plan.
- Service or Product Line – Write about the products and services the company offers. Emphasize the benefits of those products and services to potential customers and how they are better than the competition.
- Funding Request – If you are looking for funding, this is the part of the business plan where you detail the amount of money you need and how it will be used to build your business.
- Financial Information – This section should detail the amount of money you are expecting to make based on your analysis of the industry. If your business is already established, then you will need to provide historical data about your company’s performance. New companies will need to provide forecasts about their expected performance over the next five years.
- Appendix – This section is for supplementary information that may be given on an as-needed basis. Items that may go in this section include a credit report, resumes of key personnel, letters of reference, market studies, licenses and permits, contracts, and product pictures.
After you complete your business plan, hire someone with experience editing business documents to look it over. Be certain to communicate your objective to the editor, so they can mold the plan to support your goal. When you receive your business plan back from the person, read it over carefully to make sure it meets your needs. It may be helpful to have a neutral party read the business plan and provide feedback about whether it does the job you want it to do or needs to go back for more business editing.
- Home Business – If You Can’t Find A Job, Create Your Own (boomersnextstep.com)
- How to Write a Business Plan (contemporarymanagement.wordpress.com)
- Writing a Business Plan: 9 Essential Sections (ghazbizin.wordpress.com)