Business Plan Basics

2. The daily management, staffing, and production section of a business plan
4. The type of new business that requires a plan to avoid early failure
8. A longer, more detailed type of business plan format
9. Startup Shorter business plan format focused on key points
11. Other companies offering similar products or services
16. Description A section that explains your company’s history, ownership, and purpose
17. The belief statement that explains why your business exists
18. These people may provide funding or support if your plan impresses them

1. A digital or printed document that helps guide your writing process
3. What every business plan should include to show supporting materials like ads, logos, or photos.
5. What every entrepreneur needs to choose before writing a business plan—its layout or design
6. The part of a plan that covers how you’ll promote and sell your product
7. The money-related section that may include income statements or capital requests
10. Person Research category that involves visiting physical locations
12. Summary The section that summarizes your company and includes key highlights.
13. What every startup needs to perform before writing its plan—collecting info from multiple sources
14. Plan A written outline of your company’s goals, strategies, and future plans
15. The amount of money your business makes after expenses
19. The belief statement that explains what you want to achieve in the future
20. These are the goals or measurable targets your business wants to achieve