If you are considering writing a business plan, you should first be aware that there are many a different types of business plan depending on your needs. For instance, your business plan will be different depending on whether you simply intend to use it as your own roadmap for your start-up, or if you are going to use it to seeking funding or a loan. In the former instance, your business plan can really include any information that you believe will be useful to you. It would also likely omit any in-depth details of your business concept. However, if you're seeking a bank loan or venture capital or angel investment, you need types of business plan with very specific sections. They even may vary from lender to lender or investor to investor, but generally they include the following:
• An executive summary
• A financial forecast, three years for lenders, five years for investors
• A description of your background
• An analysis of the market and your competition
On the most fundamental level these sections will address questions that your investor or lender will have for you when you present them with your business plan. Depending on their particular needs, they may also request additional information, such as your marketing plans and other key operational details.
For more information about types of business plan you can choose from, check in with MasterPlans. The leaders in business plan writing, we've developed just about every kind of business plan there is, and can help you figure out which you need. Give us a call today at 877-453-2011 for a free consultation and more information.
