What are the necessary business plan elements?
Although a proper legal structure is very important for a startup business plan, there are many other considerations that are very likely much more important if the business is to be successful.
In particular, developing a business plan is often very important, even for those businesses that do not intend to raise outside capital. Though the term business plan is quite general and can have a myriad of different meanings, the term business plan often refers to a document that contains the following seven (7) sections, or some derivatives thereof:
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Executive Summary
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Company Description
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Analysis
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Market Strategy
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Marketing & Sales
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Organization & Management Plan
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Financial Plan
