Why do you need one?.
Your business plan will play a pivotal role in the success of your company. It is required to obtain certain loans. It helps owners focus on the big picture and provide a detailed account of what is truly needed to open and operate the business successfully.
Your road map starts here. Creating a business plan can be a complex venture. Knowing what your intended audience is looking for is vital. All good business plans have at least these eight components.
- Executive Summary
- Business Description
- Market & Competition information
- The Product or Service you are proposing
- The Team
The team at The Recipe of Success ® have written numerous plans and can be a key component to a successful start on your road to fulfilling your dreams.
Where do I start?
Know what type of business plan you need. A business plan can be informal (when looking for friends and family to back you) or formal when you are looking for a financial institution, VC or individual investors to provide the capital you need.