Explain your strategy and show the reasons it will succeed against your known competition.
Design and predict your financial results for the coming five years.
Develop a strong market analysis, including information on the competitive challenges you face.
Understand that even those readers who may have intimate knowledge of your market, want to feel comfortable that you have similar knowledge.
If you're a one-person management team, clearly define your expertise and the way you plan to outsource other important components, like accounting, marketing, production, legal, and/or sales.
Address all required management functions, identifying those who will be responsible, whether employees or outside experts.
Even those who create business plans on a regular basis have difficulty defining the perfect finished product.
However, certain components must always appear in successful business plans.
There are 15 references cited in this article, which can be found at the bottom of the page.
A business plan refers to a written document that comprehensively outlines what your business is, where it is going, and how it will get there.