The business description section is divided into three primary sections.Section 1 actually describes your business, Section 2 the product or service you will be offering and Section 3 the location of your business, and why this location is desirable. Business Description When describing your business, generally you should explain: A cover sheet goes before the description.it will take you by the hand and walk you through each and every phase of starting a business.Tags: Recycle Research PaperN Economy Essays On Money And Finance C RangarajanOxford University Creative Writing Reading ListLiterature Review On Supply Chain ManagementEssay Vs Report StyleProblem Solving And Decision Making Skills Examples
Regardless of the specific reason, the underlying goal of preparing a business plan is to insure the success of the business.
Here are the main reasons why a business plan should be prepared: Provides you with the road map that you need in order to run your business.
Description of the business In this section, provide a detailed description of your business.
An excellent question to ask yourself is: "What business am I in?
The Marketing Plan Marketing plays a vital role in successful business ventures.
How well you market your business, along with a few other considerations, will ultimately determine your degree of success or failure.Each is sufficient by itself for why one must go through the exercise of preparing the actual business plan.This guide discusses free small business plans, business plan outline.It includes the name, address and telephone number of the business and the names of all principals.In the description of your business, describe the unique aspects and how or why they will appeal to consumers.Raises the questions that you need to have answered in order to succeed in your business.Establishes a system of checks and balances for your business so that you avoid mistakes." In answering this question include your products, market and services as well as a thorough description of what makes your business unique.Remember, however, that as you develop your business plan, you may have to modify or revise your initial questions.Sets up bench marks to keep your business under control.Helps you develop the competitive spirit to make you keenly prepared and ready to operate.