Writing a Business Plan

As I mentioned in the previous post you will be writing a business plan for the business idea that you and your partner have came up with. A business plan is really when the idea for your business and your business practices starts to take shape. So it is important to take your time as you work through the steps. The steps of a business plan are listed below...

1. Executive Summary

2. Market Analysis

3. Company Description

4. Organization & Management

5. Marketing & Sales Management

6. Service or Product Line

7. Funding Request

8. Financials

For the purposes of this class we will only be writing the first six steps of the business plan because the funding request and financials portions can be quite tedious and take a very long time. Refer to the U.S. Small Business Administration link to learn more about the 8 steps of the business plan.