If you are looking for a condensed business plan, consider yourself already ahead of the pack. The truth is that most entrepreneurs make the mistake of creating business plans that are jam-packed with information, tables, charts, and more. While it may seem like it makes sense to include as much information as possible in a business plan so your investor or lender knows what they are working with, the fact is that it actually can hurt your business plan. That is because no one wants to read page after page of fine detail about any topic, let alone your business concept. A condensed business plan, on the other hand, makes use of limited space to provide this content in a succinct way. These kinds of business plans must only include the following:
• An executive summary
• Management information
• Market analysis
• Financials
Even in these sections, there is no reason to go beyond what is absolutely necessary. For the executive summary, that typically means one page. For your market analysis, two tops. And financials must only include the most important metrics, such as your profit and loss tables and revenue forecasts. Creating a condensed business plan can be more of a challenge than creating a regular plan. If you want help figuring out how to do the former, give MasterPlans a call. We are the industry leaders in business plan writing and can help you write the business plan you need to achieve your goals. Call us today at 877-453-2011 for a free consultation.
