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Small
Business Development Center |
BUSINESS PLANYour business plan should be brief and to the point. The summary and financial projections are the first parts of the plan your banker or investor will read. If they make financial sense, then the rest of the plan will have additional value.Most plans, except for those requiring a very large amount of money, should be no more than 20-25 pages long. Additional research data, surveys, letters of intent, resumes, catalog pages, samples, diagrams and other information should be included in a separate binder or folder as the appendix. Consider using a loose-leaf binder, so you can insert changes as often as needed. Always have someone else read your plan for style, spelling, grammar, accuracy, consistency, and completeness. If it is an easy plan to read and understand, it will be easier for possible financing sources to say "YES!" For a great Business Plan Checklist, click here. To view the 10 Most Common Mistakes you can make in writing a business plan, click on the "10 Mistakes" link here.
For more business plan templates and samples, check these links:More Business by KHera SBA's Business Plan format with downloadable files Register to download plan template from vfinance.com Another great B Plan site from Michigan SBA outline for writing a business plan, from the University of Arkansas at Little Rock collection of SBA publications. |