bus plan shud be specific and well written

begin exec summary answering

• what is bus all about
• key people involved in the venture
• why company needs to exist
• where is it located --if relevant
• stmt of enterprise mission and def of nature of business
• what financing is needed and how funds will be utilized
• outline of primary characteristics of business field in which it will operate
• disucssion of salient features of the venture

focus on

• imp ext factors that may influence,
• keyfeatures of business venture and
• financing of the enterprise

Section 2:
a complete analysis of the industry in which the business operates

• requires an in depth research and analysis effort.
• include principal industry characteristics...economic, social, political and demographics
• and a summary of this info.

---irs requries every bus to adopt a principal bus activity code ---naics code.
---trade associations, library research projects are also good for data gathering other than aforementioned sources (key 2, i think)

Section 3:
next section is outline of form and org struct of bus venture

• to find employess needed in planning period ...
• potential investors wud be interested
• ppl in bus venture are very imp in determining success /failure of business
• bankers and vcs provide funding based on confidence in ppl involved rather than industry outlook and financial stmts

good business ideas are important but must have specific form and executed well.

good idea to include resumes of bus principals

more fundas given on balance sheets etc.

keep plans in a loose binder format so that they can be easily updated whenever needed....they will change since markets change etc.........

for investors etc..put htem in atractive stuff so that they cause the reader to find out more about the oppurtunity