Market Analysis-Before launching your business, it is essential for you to research your business industry, market and competitors

Market Analysis-Before launching your business, it is essential for you to research your business industry, market and competitors

Choose a business that can be opened in a few weeks, with little starting capital. Perhaps a side job that could be scaled up later. Keep in mind future COVID lock downs and essential businesses.

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Again, I am not looking for a full business plan, but a summary for each section, consisting of 5-7 sentences maximum per Section, and not to exceed 6 pages for the total length business plan. Also, for the financials, I just want basic info, what will your projected sales be year 1 to 4 based on the number clients you calculate will be using your product/service.

 

The template you will use is found at any one of these links (if one doesn’t work try the other):

https://www.sba.gov/sites/default/files/SBA%201010C.pdf

https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan

And also enclosed below: Each section when clicked from the above link provides detailed information to assist you with an abbreviated summary.

Executive Summary
Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals. Read these tips about what to include.
Company Description -Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves.
Market Analysis-Before launching your business, it is essential for you to research your business industry, market and competitors.
Organization and Management- Every business is structured differently. Find out the best organization and management structure for your business.

Service and Product Line- What do you sell? How does it benefit your customers? What is the product lifecycle? Get tips on how to tell the story about your product or service.
Marketing – How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan.

 

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