Format of a Business Plan: The Major Sections to Convince Funders

Generally speaking, I recommend having tenProviding Background
sections to your business plan. The purposes ofThe industry, customer, and competitive analysis
these sections boil down to the following fivesections look at these key elements of the
purposesmarket to show how the business in question fits
Setting the Stagein. This research and analysis sets the stage for
The executive summary sets the stage for thethe market situation, putting a particular focus on
entire plan to come, while the company overviewhow the business can exploit these elements to
gives readers a more in-depth idea of where thesucceed. While these sections may be heavy on
company is, how it got there, who it consists of,statistics and data points, make sure to
and what it sells. These two sections providesynthesize the data with some of your own
readers with a basic idea of what the business isanalysis as to how the information will affect your
and what it has achieved so far, leavingbusiness.
supporting data to the sections to come.