Business Plan Example for a New Business

By Lanee’ Blunt
What information should you include
in your plan--Mihow

Having a business plan in place when you are starting a new company is very important. A business plan can be used to seek funding and also can be used for a plan-as-you-go for running your new business. You should spend some time doing your homework for example, gathering the information that you will need to create your plan.

Executive Summary
Tell the reader what you want in the summary. You will provide a synopsis of your business plan. The elements here will include the business concept, financial feature, financial requirements, current business position, and major achievements. This section is a snapshot of your plan but touches on your goals and company profile.

Market Analysis
This section you will write about your market, how you will reach them. What are the needs of your customers and how you will position your business to service them? Write about the industry grown and estimate the market share for the period the plan covers.

Company Description
What do you do in your business? What makes you different from the competition? What are your start-up plans?

Product or Service
Describe your business. Describe what you are selling.

Strategy and Implementation
What are the responsibilities of management include dates and budgets. Describe your business and its organization structure, regardless of its size.

Funding Request
If you are seeking funding for your new business find out all of the information that you need to include in your plan.

Financial Projections
Provide financial projections that will back up your request.  Include a projected Profit and Loss and Cash Flow tables.

SBA: Essential Elements of a Good Business Plan
Entrepreneur: Elements of a Business Plan
Bplans: A Standard Business Plan Outline; Tim Berry


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