A formal business plan can be invaluable.
It will be needed for obtaining financing and it can serve as a guide for the policies, strategies and tactics needed for running your business. The plan can be shared with potential key employees and it can serve as a key document when you sell your business. The process of preparing it will force you to focus on the issues that are essential for the success of your business.
To prepare your plan, you may want to initially organize it in a three-ring binder with each of the numbered items as separate sections. Your business plan should be a "living document" that is reviewed often and modified as needed. Using a binder will enable you to easily make changes. You can always print the current plan for formal presentations.
Title Page
The title page should include the name and address of the business, the owners of the business, contact information (person, phone number and email address). You should also include your logo, if you have one. You may also want to include the date it was originally prepared and note the date of any changes.
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