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Creating A Business Plan

A business plan is a written document which indicates the mission of a business and specifies how the goals of the business will be achieved. There is no one specific way to draft a business plan, but any plans which are offered to the public should contain accurate legal and financial information, especially if the business will be reviewed by venture capitalists. Generally, the business plan provides a history of the business and the primary purpose of the business. In addition, the plan includes specific goals to achieve the overall purpose of the business. The business plan may also include information on the proposed marketing plan for the goods or services offered by the company, any time frames for the implementation of the plan and any details as to the management of the plan. Furthermore, the business plan may contain a financial summary, including a balance sheet, cash flow statement and projections for earnings.

Fast Facts

  • Some high schools utilize business plans in order to educate students on economics
  • Business plans are frequently utilized by companies in order to obtain financing

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  • Business Development Plan

    Business development consists of numeral techniques intended to develop a cost-effective enterprise....
    • Site: smallbusinesslawfirms.com
    • 1 of 1 user(s) found this useful
  • Starting an Online Home Business

      Starting an online business is very similar to starting a brick and mortar business.  The first step in the ...
    • Site: lawfirms.com
  • Business Law

    Operating a business means overcoming a variety of legal and financial problems.  Things a new entrepreneur mi...
    • Site: thelawfirm.net
  • The Basics of Creating an Estate Plan

    A person’s estate consists of all the personal belongings, assets, business holdings, and financial resources ...
    • Site: lawfirms.com
  • Basics of Creating a Will

    Creating a Last Will and Testament and a Living Will is one of the most important things any individual can do...
    • Site: lawfirms.com
    • 4 of 6 user(s) found this useful

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