Business plans have been the foundation of what a business owner is selling. A strong business plans have led to the creation of some of the worlds most successful businesses, not saying that in order to have a successful business you must have a great business plan but it helps. While doing my research I’ve found that most investors want to know does your business make money, how can they make money by investing in your company and how much money can they make by investing in your company. With this being said the most important section in a business plan would be the financial sections, investors want to know “how much can I make”. A clearly understood financial summary will win over an investor faster than any other section so you want to focus on that.
The second most important section of a business plan would have to be the “Company Description”. This section of the plan is important to investors because they want to know what kind of business are they investing in, the company description should explain services and or products that the company is selling and also provide ownership status, mission statement, and several other key points that investors may need.
With everything I’ve learned about business plans, I plan to revise my financial section most importantly the start-up cost section. By updating the area I’ll clearly include my building rental, technology needs, advertisement, and supplies. Once I complete that section I will then adjust my monthly expense sheet and payroll sections.
incorporate all of their tips into my business plan for Social Elite Enterprise, LLC.
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