Your business plan should be honest about what you see as the strengths and weaknesses of your competitors.
You also need to show that you have thought about how to gain an advantage over your competitors, and what makes you different.
If you have a larger company, you will need to describe departments and what each handles.
You can also use this section to talk about possibilities of scaling up operations and what you need in order to expand your team and your business.
You need to figure out how the business will function moving forward.
This includes describing the management team and member responsibilities.This section can also include a problem statement, which allows you to describe why your business is useful and how it can solve a particular issue.You need to have a solid idea of how you will market your product or service.This section should also include the milestones you plan to use in order to measure success.It’s important to be aware of your competition when you make a business plan and put it into action.This is where you go into the nitty-gritty details of what you offer.If you are asking for financing from someone, then you need to be able to show how the product is made so the reader understands the production process.work on your business, one of the best things you can do is to make a business plan.Your business plan is a roadmap that can guide you as you move forward.For a service, you need to show how your service is offered and how the delivery process is managed.Even if you make a business plan just for yourself, this section can be helpful since it will force you to think through the logistics of your offering.