Financial statements, balance sheets, and other financial information may be included for already-established businesses.New businesses may include targets for the first few years of the business and any potential investors.A business plan is a written document that describes in detail how a business—usually a new one—is going to achieve its goals.
Any information about research and development (R&D) can also be included here.
Financial planning: In order to attract the party reading the business plan, the company should include any financial planning and/or projections.
Sometimes, a new business plan is prepared for an established business that is moving in a new direction.
A business plan is a fundamental tool any startup business needs to have in place prior to beginning its operations.
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 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.
The length of the business plan varies greatly from business-to-business.
All of the information should fit into a 15- to 20-page document.