Features Of A Business Plan

Sales strategies should also be included to provide information on sales staff and activities.

Describe to readers what you are selling and how the product or service will benefit current and potential customers.

Provide evidence that your company offers a product or service that serves as a solution to a problem identified by your target market.

Information regarding service or product costs, suppliers and any new services which may be added should be included in this part.

Writing a business plan need not be an overwhelming task if you consider the following information.

Entrepreneurs just starting out may find putting their thoughts, goals and in some cases dreams to paper an intimidating process.Include current and future funding requirements, how that funding will be used and long range strategies that impact funding request.Any factors which directly impact your ability to repay your loan should be included, such as acquisitions, sale of the business in future or a buyout.Nevertheless, it is vital to the success of your business.A business plan details every aspect of business operations.Both past financial data as well as prospective financial data will be required by potential lenders.Include the following financial statements for the past three to five years; cash flow statements, balance sheets and income statements.Proprietary and confidential information may be part of the appendix and as such should not be easily accessed by all individuals requesting your business plan.Creditors may need access to this information, therefore it should be available on an as-needed basis.The same statements should be prepared with forecasted data for the next five years.A separate section which should not be included in the main body of the business plan is the Appendix.

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  1. If you have visited, lived, worked or studied in other countries besides your country of residence and then seeking admission to a foreign university it could provide an added advantage to a personal statement for study abroad.