Professional advice should always be taken before discussing or issuing a business plan.
He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries.
Just explain the factors you think will make it successful, like the following: it's a well-organized business, it will have state-of-the-art equipment, its location is exceptional, the market is ready for it, and it's a dynamite product at a fair price.
If you're using your business plan as a document for financial purposes, explain why the added equity or debt money is going to make your business more profitable.
This is important if you're seeking funding; the investor will want to know just how dependable your information is, and won't risk money on assumptions or conjecture.
When describing your business, the first thing you need to concentrate on is its structure. wholesale, retail, food service, manufacturing or service-oriented.You should also provide information on all the various markets within the industry, including any new products or developments that will benefit or adversely affect your business.Base all of your observations on reliable data and be sure to footnote sources of information as appropriate.The business description usually begins with a short description of the industry.When describing the industry, discuss the present outlook as well as future possibilities.The product description statement should be complete enough to give the reader a clear idea of your intentions.You may want to emphasize any unique features or variations from concepts that can typically be found in the industry.This is a series of posts covering the contents of a business plan.This post will act as a general index and be a place to reference all the posts in the series.Also state whether the business is new or already established.In addition to structure, legal form should be reiterated once again.