Writing A Winning Business Plan

To know where you are going, you have to know where you came from and what came before you. Every business, whether a startup or a full-fledged, profitable organization, needs a business plan.

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Also, if there is a hierarchy of positions within your company, you would detail that hierarchy and the relevancy of each relationship. Not everything in this section is based upon pure fact like the information you would have provided in the other sections. Development is a necessary part of business to remain competitive, so be sure to spend a significant amount of time when writing this part of your plan. You'll need to provide a record of your financial dealings, investments, if any, and how you came to the position you are in today.

With some flexibility, you can project how your company will be operating and assess your financial status, including how things balance out at the end of each month, the overall financial health of your business and your cash flow.

Here are the key elements of a winning business plan.

An executive summary is a one- or two-page summary of your entire business plan.

Related: 3 Apps to Help You Write a Business Plan Your company profile includes the history of your organization, what products or services you offer, your target market and audience, your resources, how you’re going to solve a problem and what makes your business unique.

When I crafted my company profile, I put this on our About page.

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