Business Plan For A Business Essay

717 Words Nov 14th, 2016 3 Pages
It’s important and necessary to have a business plan, no matter how small or how big. Running a business is very hard and requires a lot of details and having ideas, sort of a rough draft. A business plan serves as a road map and attracts capital through loans and investments. You will never know if your business will succeed or not but having a vision of what your business is going to be gives a good chance.
The first step in a business plan is being able to write a business description for your business plan. Your business description should let the people looking at it know what kind of business you are having. Also before making a business plan you should have a mission statement so you at least have an idea of what you’ll want. Of course you want to have an overall summary of business and let it be known if you’re what kind of business entity you have chosen.
Second and most important step in any business plan is management. It’s the most important because it’s who is going to be involved in your business. Especially if your going to be involving money in your business its important to know who’s apart of your team. Investors look at your management part of the business first. So its good to have a team filled with people that have an impressive background with good references. Investors will also definitely be checking on that as well.
Having a marketing plan is also very important, it gives an overview of what industry your company will be competing in and it will…

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