| When one decides to start or even buy a business, | | | | next part of the plan is describing the product or |
| there are many things that they are required to do. | | | | service. This should focus on the customer needs. |
| Among them is to write a business plan. This is | | | | The entrepreneur should then analyze the market. He |
| normally for already existing businesses or a start up | | | | should look at the people targeted by this product, |
| plan for those starting from scratch. This way, the | | | | needs of the customer and how to reach them. |
| entrepreneur will know the direction of his business. | | | | Strategy and implementation include management |
| There are several things included in the roadmap as it | | | | responsibilities towards the organization in meeting the |
| is otherwise known. The first thing is the executive | | | | goals of the company. The next part of the roadmap |
| summary, normally a short summary of the whole plot. | | | | that the entrepreneur should consider when he decides |
| This is written last and should be between two and | | | | to write a business plan is the management team. |
| three pages. A well written summary goes a long way | | | | This gives a clear background on which the |
| in convincing the investors on the worth of such a | | | | management team includes. The financial plan is the |
| venture. An introduction to the business is then made. | | | | last thing you should put into consideration when you |
| This shows when the company was formed and for | | | | decide to write a business plan. It shows how the |
| what reason. It includes the motto, the objectives, vision | | | | capital obtained for the venture will be used. It shows |
| and mission statement of the company. The mission | | | | forecasts on the balance sheet, projected cash flow |
| statement should reflect who the company is. The | | | | and income statement. |