Your business plan may vary from this depending on the type and structure of your business.
Whether you’re planning to open a shop that makes the best coffee around or you want to sell eco-friendly office supplies, you’ll need to explain why your business is necessary and how it’ll differ from its competitors. It provides investors, lenders and potential partners with an understanding of your company’s structure and its goals.
Ideally, your market analysis will show that you know the ins and outs of the industry and the specific market you’re planning to enter.
In that section, you’ll need to use data and statistics to talk about where the market has been, where it’s expected to go and how your company will fit into it.
This information will go in your market analysis section.
Related Article: 15 Ways Startups Can Raise Capital Following your market analysis, your business plan will outline the way that your organization will be set up.
If you’re trying to create one, check out 10 key components of a business plan.
Your executive summary should appear first in your business plan.
We have a number of free templates and tools to help you get started.
This section is based on our free business template and guide and steps through the various areas and information you need to include in your business plan.