business plan outline – Page 6 – Business Plan Template

Business plan tips: Documenting Your Company’s Exit Strategy

Your exit strategy motivates your investors. Each investor wants to know how they can cash out of your company and obtain a suitable return on their investment. In short, they want to know your roadmap for getting them from Point A (funding your company) to Point B (cashing out).

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The future is always hard to predict, so you might not currently know the answer. However, all investors worth their salt …

Creating an Effective, Persuasive Business Plan

Business plans are based on hard data, not concepts. Entrepreneurs are known for their creativity and ideas, so that thought might come as a surprise to some. But, entrepreneurs are also capable of many things. For example, they’re skilled at locating the data that are needed to support their ideas and prove to potential investors that their ideas are worthy of funding.

Your business plan should be developed with three main elements as its foundation.

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The Elements that Comprise a Great Business Plan

You should always compile the 10 sections of a business not only with proper due diligence but also in a manner that creates an opportunity to completely hook an investor. Ultimately, every section of the business plan has a unique purpose.

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Executive Summary: This is the business plan’s main hook. The section will clearly detail your product, the scope and needs of your market, and the unique qualifications …

Business Plan Tips for Entrepreneurs

Before you begin to write a business plan, keep in mind that the purpose of a business plan is to make a compelling argument to a potential investor that your business is a solid investment. It should tell the reader what your business is about and how it will benefit investors in the long run.

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As you start writing your business plan, keep the following in mind:

What …

5 Steps for Composing a Business Plan

Below are 5 steps for composing a successful business plan.

1. Make an Outline

Start with a standard template for a business plan. There should be 10 parts to this plan in this exact order: A. Executive Summary, B. Company Analysis, C. Industry Analysis, D. Customer Analysis, E. Competitive Analysis, F. Marketing Plan, G. Operations Plan, H. Management Team, I. Financial Plan and J. Appendix. Take what you know about each category and write it in the appropriate area. Never …