{"id":137,"date":"2016-09-01T11:13:22","date_gmt":"2016-09-01T11:13:22","guid":{"rendered":"https:\/\/www.grantwriterteam.com\/blog\/?p=137"},"modified":"2022-03-23T12:14:10","modified_gmt":"2022-03-23T16:14:10","slug":"what-goes-into-a-business-plan","status":"publish","type":"post","link":"https:\/\/www.grantwriterteam.com\/blog\/what-goes-into-a-business-plan\/","title":{"rendered":"What Goes Into a Business Plan?"},"content":{"rendered":"<p>A major difference between <a href=\"https:\/\/www.grantwatch.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">grants for nonprofits<\/a> and grants for <a href=\"https:\/\/www.mwbezone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">small business<\/a> is that grants for small business almost always require a business plan. A grant writer from <a href=\"https:\/\/www.grantwriterteam.com\/?stp=true&amp;t=1544435950s\" target=\"_blank\" rel=\"noopener noreferrer\">GrantWriterTeam.com<\/a> can help you develop a business plan. Here, I am going to summarize a couple sections of the business plan. A good business plan has the following sub-documents:<\/p>\n<ul>\n<li>executive summary<\/li>\n<li>company description<\/li>\n<li>market analysis<\/li>\n<li>organization and management<\/li>\n<li>service or product line<\/li>\n<li>marketing and sales<\/li>\n<li>funding request<\/li>\n<li>financial projections, and<\/li>\n<li>appendix.<\/li>\n<\/ul>\n<p><strong>Executive Summary<\/strong><\/p>\n<p>The <strong>Executive Summary<\/strong>\u00a0is considered the most important section of a business plan. It is where you explain yourself. What makes you think you will be successful? This summary should be comprised of the following section titles: <strong>Mission<\/strong> statement, <strong>Information, Highlights, Products\/Services, Financial <\/strong>and<strong> Future Plans.<\/strong><\/p>\n<p>Our grant writers are skilled communicators and can help you come up with a clear and decisive\u00a0<strong>Mission<\/strong> statement.<\/p>\n<p>The <strong>Information<\/strong> section should include when your business was founded, by who, and the number of employees you have plus your locations.<\/p>\n<p><strong>Highlights<\/strong> should include information about growth, especially financial. Here, you should write about profit margins.<\/p>\n<p>The <strong>Products\/Services<\/strong> section obviously explains your product or service.<\/p>\n<p>The <strong>Financial<\/strong> section should include your bank and the identities of any lenders.<\/p>\n<p>Finally, in <strong>Future Plans<\/strong>, expound upon where you want to see your company in 10-20 years.<\/p>\n<p><strong>Market Analysis<\/strong><\/p>\n<p>According to the Small Business Association, (SBA), the following are section titles for the market analysis: <strong>Industry Description and Outlook, Information About Your Target Market, Pricing and Gross Margin Targets, Competitive Analysis <\/strong>and<strong> Regulatory Restrictions.<\/strong><\/p>\n<p>In the<strong> Industry Description and Outlook<\/strong>, include information about the size and growth rate of your industry. Get into the history of your industry and include major customer groups.<\/p>\n<p>Within <strong>Information About Your Target Market,<\/strong> include who is your target market. Remember to have a narrowed market because casting a wider net may not bring in a bigger yield but instead, waste resources. Know your market\u2019s distinguishing characteristics, size, and how much market share you can potentially accumulate.<\/p>\n<p>The <strong>Market Analysis<\/strong> also has other sections such as <strong>Pricing and Gross Margin Targets<\/strong> where you include your pricing structure.<\/p>\n<p>The <strong>Competitive Analysis <\/strong>is where you evaluate your competition.<\/p>\n<p>Finally, <strong>Regulatory Restrictions<\/strong> is where you include any laws or regulations affecting your business, and how you plan to follow them.<\/p>\n<p><strong>GrantWriterTeam<\/strong><\/p>\n<p>A grant writer from <a href=\"https:\/\/www.grantwriterteam.com\/?stp=true&amp;t=1544435950s\" target=\"_blank\" rel=\"noopener noreferrer\">GrantWriterTeam.com<\/a> can help you write all the sections of a business plan to include as part of your grant proposal. Remember to give them the complete and correct information so that he\/she may write accurately. Fill out a request for a writer <a href=\"https:\/\/www.grantwriterteam.com\/request-writer.php\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>\u00a0and call (561) 249-4129.<\/p>\n<p><strong> Sources:<\/strong><\/p>\n<div><a href=\"https:\/\/www.sba.gov\/starting-business\/write-your-business-plan\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.sba.gov\/starting-business\/write-your-business-plan<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A major difference between grants for nonprofits and grants for small business is that grants for small business almost always require a business plan. A [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":1367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grant-writing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.grantwriterteam.com\/blog\/wp-content\/uploads\/2016\/09\/Untitled-design-2022-03-23T121315.053.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6c2tj-2d","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/posts\/137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/comments?post=137"}],"version-history":[{"count":2,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/posts\/137\/revisions"}],"predecessor-version":[{"id":1368,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/posts\/137\/revisions\/1368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/media\/1367"}],"wp:attachment":[{"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/media?parent=137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/categories?post=137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grantwriterteam.com\/blog\/wp-json\/wp\/v2\/tags?post=137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}