Writing a business plan for a new company.

Writing a business plan for a new company is one of the most important tasks you will complete for your new business.

Writing a business plan for a new company is a critical task to ensure your new business gets off to the right start. If you are interested in writing a business plan, it should be researched well. There are many sources of information on the internet where you can get a good template to get this document started.Business Plan

A business plan is the foundation of a new business and will guide the business through its first few years. More often a business plan is forgotten, or not written because other “more critical tasks” are given priority. The major components of a business plan are as follows:



  1. A mission statement so you can describe exactly what you are trying to achieve.
  2. A detailed description of your product or services, and specifically how they differ from your competitors.
  3. An analysis of your market. How you are going to enter the market, where you fit in the marketplace, and how much market share you believe you can capture.
  4. You will need to outline your complete management team, and include their experience, achievements and successes.
  5. Outline how the product or service will be marketed.
  6. Every company needs a cash flow statement. You should have a cash flow plan, and it should state how it will impact growth.
  7. A detailed Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis should be completed for the business. This will outline your opportunities and challenges.