Business
Plan
A business plan precisely defines your business, identifies your goals, and serves as your firm’s
resume. The basic components include a current and pro forma balance sheet, an income
statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen
complications, and make good business decisions. A good business plan provides specific and
organized information about your company and how you will repay borrowed money. It is a crucial
part of any loan application. Additionally, it informs sales personnel, suppliers, and others about
your operations and goals. The following outline of a typical business plan can serve as a guide. You
can adapt it to your specific business. Breaking down the plan into s