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A business plan is used by organizations for establishing and monitoring continuous business growth, remaining competitive and in achieving specific goals.Business plans are typically utilized by organizations when: Organizations seeking funding require business plans in order to demonstrate the strength of the business and its future to investors.
In this article, we look at the essential parts of a business plan and show how to lay it out.
It should describe the organization of your business, and the key members of the management team, but it should also ground the reader with the nuts and bolts: when your company was founded, who is/are the owner(s), what state your company is registered in and where you do business, and when/if your company was incorporated.
Be sure to include summaries of your managers’ backgrounds and experience—these should act like brief resumes—and describe their functions with the company.
Our new, free PDF download detailing the different types of marketing plans will help you structure different types of plan and gives recommendations on how to make them effective.
Download our free PDF download – Understanding different types of marketing plan guide This download and our other free templates is for anyone who wants to improve their knowledge of marketing planning with a few to gaining more senior roles.