These statements back up your text, showing a potential banker or investor what you have already achieved and what you are capable of achieving in the future.You can write your business plan or proposal from scratch, or you can use a template or software designed to simplify and streamline the process.
A business plan is a written document that details your company's current position and your plans for future growth.
It can include a business proposal as an example of your upcoming plans, or you can create a business proposal as a separate document.
Your real world numbers will almost never be consistent with the projections you made at the outset of a project.
Despite these discrepancies, it can be useful to compare so you can identify where you made faulty assumptions and how you can project more accurately in the future.
If you intend to present your business plan to investors or bankers, it's a good idea to use a template or software unless you have extensive experience writing business plans.
These tools will help you to cover all your bases and create a polished and professional document.
Your business plan should provide bios of key personnel, and it should include a marketing plan laying out how you intend to take your business to the next level.
The bulk of your business plan will likely consist of financial documents such as income statements, balance sheets and cash flow projections.
To sum up, the company description is the basic introduction to your business.
There are many reasons to write a business plan—it’s not solely the domain of entrepreneurs who want to secure funding to start or grow their business.