Mini Business Plan

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But they all tend to have the same elements, including an executive summary of the business and a detailed description of the business, its services and/or products.

It also states how the business intends to achieve its goals.

If there are crucial elements of the business plan that take up a lot of space—such as applications for patents—they should be referenced in the main plan and included as appendices.

If there are any especially interesting aspects of the business, they should be highlighted and used to attract financing.

A complete business plan must include a set of financial projections for the business.

These forward-looking projected financial statements are often called pro-forma financial statements or simply the "pro-formas." They include the overall budget, current and projected financing, a market analysis, and its marketing strategy approach.

A good business plan should outline all the costs and the downfalls of each decision a company makes.

Business plans, even among competitors in the same industry, are rarely identical.

Products and services: Here, the company can outline the products and services it will offer, and may also include pricing, product lifespan, and benefits to the consumer.

Other factors that may go into this section include production and manufacturing processes, any patents the company may have, as well as proprietary technology.

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