x How to Make a Business Plan: Free Business Plan Tips | Growthink

Contact Us
To discuss how we can help you with your business plan and strategy, call us toll-free at (800) 216-3710.

Call Us Today At
(800) 216-3710
To discuss how Growthink can help your business
 

Members Of



As Featured In
Growthink has been featured in these publications

How to Make a Business Plan


"How To Quickly & Easily Finish Your
Business Plan In 8 Hours or Less"

Watch this FREE Presentation to Discover
My Simple Business Plan Short-Cut

How to Make a Business Plan: Free Business Plan Tips

Growthink's business plan writers know that a good business plan has ten key components. Providing a comprehensive assessment of each of these components is critical in attracting investors. This article discusses the first five components. A subsequent article will detail the remaining elements.

Executive Summary. The Executive Summary provides a succinct synopsis of the business plan, and highlights the key points raised within. The Executive Summary must communicate to the prospective investor the size and scope of the market opportunity, the venture's business and profitability model, and how the resources/skills/strategic positioning of the Company's management team make it uniquely qualified to execute the plan. The Executive Summary must be compelling, easy-to-read, and no longer than 2-4 pages.

Company Analysis. This section provides a strategic overview of the company and describes how the company is organized, what products and services it offers/will offer, and goes into further detail on the company's unique qualifications in serving its target markets.

Industry Analysis. This section evaluates the playing field in which the company will be competing, and includes well-structured answers to key market research questions such as the following:

  • What are the sizes of the target market segments?
  • What are the trends for the industry as a whole?
  • With what other industries do your services compete?

Analysis of Customers. The Customer Analysis section assesses the customer segment(s) that the company serves. In this section, the company must convey the needs of its target customers. It must then show how its products and services satisfy these needs to an extent that the customer will pay for them.

Analysis of Competition. This section defines the competitive landscape of your business. It identifies who the direct and indirect competitors are, assesses their strengths and weaknesses and delineates your company's competitive advantages.

The first five sections of a business plan are critical because in most cases, investors will not read the full plan. As such, winning the investor's interest early is critical. In addition to providing background on the full business opportunity, these sections provide the market research to back up the business' potential, another critical factor in gaining an investment.

Read Part II


Finish Your Plan Today with Our Business Plan Template

We have developed a simple business plan template that allows you to quickly and cost-effectively develop a professional business plan.

Download Growthink's "Ultimate Business Plan Template" here:
http://www.growthink.com/products/business-plan-template

Call To Request a Business Plan Quote

Or, complete the form below and a Growthink professional will contact you shortly.

Please enter 2366  here:

Testimonials



Thank you very much for all of your hard work. We are very pleased with the final result of the business plan and the PowerPoint - say congratulations on a job well done and that you can use us a reference for any future clients. We will definitely look to utilize Growthink's services in the future as we build our company.

Bryan Langslet
MediaCompound



Without Growthink’s professional help, we would never have been able to create an effective business plan. Growthink not only did deep research on our business environment, but its representatives also listened to us and refined their analysis to include what we had found out through experience. We would recommend Growthink to any start-up business which does not have a professional business plan developer on staff!

Howard Brown
Laptop Mini Mart



More Testimonials

Important: Growthink will never share or sell your personal information and we will keep all business information completely confidential.