A business plan is an essential roadmap for business success. This living, breathing document generally projects 3-5 years ahead and outlines the route a company intends to take to reach, maintain and grow revenues. Readmore
Your business plan is also what banks will use in deciding to lend you money. A well thought out plan also serves as the main company document that your employees – and you – will use to measure your company’s success and to make decisions about what you should do first, second, or not at all. Following are the essential components of a business plan.
The executive summary is often considered the most important section of a business plan. This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful. If you are seeking financing, the executive summary is also your first opportunity to grab a potential investor’s interest.