Starting a business from scratch doesn't have to be hard or complicated, but it does take planning and a lot of hard work.   And while having a business plan may not be the most "FUN" part of starting and running a business, it is a most necessary part.  So my question to you is how can you have a successful business if you don't have a plan.  You see, having a business plan is having a plan of action for goals and how you are going to run your business.  With that said, a good business plan should have the following elements:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

• EXECUTIVE SUMMARY - This should lay out your product or service and the problem that it solves for your customer. 

• MARKET EVALUATION - This should talk about the market you are serving.  Is it a growing market and how does your product fulfill the consumer in that market. 

• MARKET STRATEGIES -  This determines how you plan to penetrate the market and sell your product. 

• OPERATIONAL PLAN - This is your plan to run your business on a day to day basis.  Who are the key staff members and their specific roles.  Do you have specific goals set for them in advance. 

• FUNDING - This is an estimate of your start up cost.  It should include the amount of funding you will need to get you through the first year. 

​

Needing some help in starting your business plan? Click here to get started NOW!