Do you need a start up business plan? If so, you are most likely looking to launch a new business and might (or might not) be looking to raise capital. If you are looking to raise capital, you will need a business plan. If you are not looking to raise capital, the business plan is still a very valuable tool as a roadmap to the first 5 years of the Company’s success. A start-up business plan should typically include the same components as an existing business plan, as either way, the business plan is a plan for the next 5 years. A start-up business plan should include detailed marketing, operational, growth, and financial strategy. The business plan should be supported by a detailed 5 year financial plan with monthly and quarterly projections.
The following are the main components of a business plan:
- Executive Summary
- Company Overview
- Products &/or Services
- Market section
- Marketing Plan
- Operational Plan
- Management section
- Financing Strategy
- Financial Plan