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Q.What should a good business plan contain?

A.A business plan is a written summary of what you hope to accomplish by being in business, how you intend to organize your resources, how you intend to meet your goals, and a road map for operating your business and measuring your progress along the way. A business plan typically can be divided into 7 main categories:

  • the executive summary;
  • the business and company vision;
  • a portrait of the market;
  • the product development status;
  • the marketing, sales, and operations strategy;
  • the management team; and
  • the financial analysis.

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