Writing a sound business plan can be quite a big task especially if you are trying to raise finance because ultimately what you are having to do is convince a stranger to invest in your business.   The following information looks at the key elements that are required for a good business plan:

Executive summary: Start with a statement of what the company requires in terms of funding, ensure you have a clear definition that is precise and to the point, keep the summary short about two pages long and include summaries of end of year income statements, that show your companies performance to date and projections. Your summary is used to introduce your profitable business ideas that you intend to use the finance for and will outline the business proposal. Continue Article...