General aspects of a business plan.
A business plan is a formal document by an entrepreneur giving details of a proposed venture. It may also contain background information about the organization or team attempting to reach set business goals.
Business plans are decision-making tools. There is no fixed content for a business plan. Rather, the content and format of the business plan is determined by the goals and audience. A business plan represents all aspects of business planning process declaring vision and strategy alongside sub-plans to cover marketing, finance, operations, human resources as well as a legal plan, when required. A business plan is a summary of those disciplinary plans.
Preparing a business plan draws on a wide range of knowledge from many different business disciplines: finance, human resource management, intellectual property management, supply chain management, operations management, and marketing, among others. It can be helpful to view the business plan as a collection of sub-plans, one for each of the main business disciplines.
A business plan is vital to the success of any enterprise. It describes all aspects of your business what it does, the financing it has or needs, its future plans, and your strategy for making it all work. A basic business plan outline could include the following:
Cover page and table of contents: Title, list the business name, address, date of submission, logo, and contact information disclaimer, letter of transmittal for the owner. Also, organize your plan with a table of contents and page numbering.
Letter of transmittal officially represents the business plan to reader explaining in detail.
How to write a letter of transmittal:
First be aware of what you want before writing
Correctly spell investors name
State what letters about
Be honest, specific and brief
Executive summary: Give a brief description of your organization to get people interested. It may be best to...