ESSENTIAL PARTS OF A BUSINESS PLAN.

Business Plan is a document that presents your business ideas into words and it shows that you are real serious with your idea. Structures of a business plan vary but it almost has the same or similar elements.

Mission statement or vision statement, goals and objectives it is better to put it short and clear.

Description of your company and product or service;

Description of how your product or service is different;

Market analysis that discusses the market you’re trying to enter, competitors, where you fit, and what type of market share you believe you can secure;

Description of your management team, including the experience of key team members and previous successes;
Market analysis: this shows how you expect to market the product or service;

SWOT Analysis; analysis of your company’s strengths, weaknesses, opportunities, and threat;

Develop a cash flow statement so you understand what your needs are now and will be in the future;

Revenue projections; this helps to show the profit and loss expected;

Last but not the list a Summary/conclusion that wraps everything together.