If you’re trying to apply for a personal loan or a small business loan, you can always add an appendix or another section that provides additional financial or background information.Every company is different so your business plan might look nothing like another entrepreneur’s.Business plans range from 20 to 50 pages in length, but, typically, they all contain the same sections.
It should summarize what you expect your business to accomplish.
Whether you’re planning to open a shop that makes the best coffee around or you want to sell eco-friendly office supplies, you’ll need to explain why your business is necessary and how it’ll differ from its competitors. It provides investors, lenders and potential partners with an understanding of your company’s structure and its goals.
If you’re trying to create one, check out 10 key components of a business plan.
Her work has been featured in Business Insider, AOL, Bankrate, The Huffington Post, Fox Business News, Mashable and CBS News.
Born and raised in metro Atlanta, Amanda currently lives in Brooklyn.