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Video instructions and help with filling out and completing sba charlotte nc
Are you interested in starting a business creating a business plan is the most important step you can take towards success think of a business plan like a road map it sets the direction for the early years of your business and outlines how you plan to make sales and grow revenues a business plan generally includes six sections they are an executive summary a company overview market research data a description of your products or services your marketing and sales approach and your financial projection let's take a closer look at each section an executive summary is the first section of your plan use it to introduce your business and identify your customers make a short but strong case that explains how you'll make your business successful the next section is your company description provide a high-level explanation of your business what it will do and how it will make money include a mission statement and the location of your business identify key employees and any other qualities that make your business distinctive next up is your market research use this section to provide detailed information that shows you've done your homework and that you understand your industry and target market be sure to include an assessment of your competitors and any legal requirements impacting your company and industry the fourth section is a description of your products or services what are you selling how will it meet the needs of your customers what are its benefits compared to the competition answer these questions in detail and be sure to note the current development stage of your business discuss marketing and sales in the fifth section of your plan explain how you'll identify potential customers you'll also need to include your marketing approach provide financial projections in the final section of your business plan this is important for investors and lenders because it explains how your business will meet as financial obligations and maintain a positive cash flow balance are you ready to get started build your customized business plan using SBA's free step by step tool it'll help you navigate each section and your information you can even save your plan and finish it later print download email and update your plan any time try out SBA's build your business plan tool at sba.gov slash business plan to get started today