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How to Write a Business Plan: Reasons to Write a Business Plan For those of you just starting a business, writing a business plan is a crucial first step.
"When your business plan is finished, your company is finished."The following pages will help you understand why you should write a business plan, components to include in a business plan, and how to use the plan internally to meet your business goals.
It should be no more than 30 to 40 pages in length, excluding supporting documents."Pinson recommends starting a business plan with a cover sheet stating the principles of the business, the name of the business, and the address of the business.
She also suggests following with a table of contents to provide a quick reference guide to the topics covered in your plan.
"Don't confuse the health of your company with money for the investors, because they don't make a dime if your company is healthy and growing.
To get money back to the investors they have to be able to sell their shares in your company, either because you've sold shares on the public stock markets (called going public, or initial public offering) or because you've been acquired by another company.