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CREATING A BUSINESS PLAN
CREATING A BUSINESS PLAN Are you interested in …1……………………….? Creating a business plan is the most important step you can take toward success. Think of a business plan like a …2……………………………. It sets the direction for the early years of your business and outlines how you plan to make … 3………………… and grow …4…………………… A business plan generally includes six sections. They are: an executive …5……………… a company .…6……………… 7………………………………… a description of your 8…………………. or 9………………………. your 10………………… and 11……………………… approach And your 12……………………. projections. Let's take a closer look at each section. 1) An 13…………………………… is the first section of your plan. Use it to 14……………. your business and 15…………………… your customers. Make a short, but strong case that explains how you'll make your business 16…………………. 2) The next section is your 17…………………………… . Provide a high-level explanation of your business, what it will do, and how it will make money. Include a mission statement and the location of your business. Identify 18……………………… and any other qualities that make your business 19……………………………. 3) Next up is your 20…………………………………. Use this section to provide detailed information that shows you've done your homework and that you understand your 21…………………… and 22…………………………. Be sure to include an assessment of your 23…………………………. and any legal 24……………………… impacting your company and industry. 4) The fourth section is a description of your 25………………………………. What are you selling? How will it meet the needs of your customers? What are its 26………………… compared to the 27……………………………….? Answer these questions in detail. And be sure to note the current development stage of your business. 5) Discuss Marketing and Sales in the fifth section of your plan. Explain how you'll identify 28……………………………. You'll also need to include your 29…………………… 6) Provide 30………………………………. in the final section of your business plan. This is important for 31……………………… and 32…………………………. because it explains how your business will meet its financial 33…………………………. and maintain a positive 34……………………………………