The best way to put together a business plan is first
to do a comprehensive research on the type of business you are going to set up
and study the industry you would like to enter into. The business plan should
consist of the following key elements:
<span>1.
</span>Company overview
that includes the company’s mission and vision, products or services, unique characteristic
of the product and the business opportunities.
<span>2.
</span>Study of the
business environment that includes industry, market, competition and target
market analysis
<span>3.
</span><span>Company
description that introduces the management team, technology used, operations,
products or services and distribution </span>
<span>4.
</span>Company strategy
which is the roadmap to achieving the company’s targets and goals
<span>5.
</span><span>Financial review
that shows the condition of the company
that includes, the financial statements such as the balance sheet, income
statement, cash flow statement and projections</span>
<span>6. Detailed action plan that is doable, realistic
and can work within a specific time frame</span>
