Generally, there are three audiences for a business plan; potential investors, lenders or you and your management team. For the investor you need to communicate the potential risks and rewards of an investment in your company. For the lender you need to ensure they understand your business and how you will repay a loan. For you and your management team, the business plan should be your guide for moving forward and building your company. However, all business plans have certain common sections:
How long should your business plan be? As long as it takes to effectively describe your business, the environment you operate in and your plans for the future. Financial Scribe’s business plans are custom tailored to your specific needs, no more no less.