{"id":10856,"date":"2022-07-28T11:33:13","date_gmt":"2022-07-28T15:33:13","guid":{"rendered":"https:\/\/www.franchisegator.com\/articles\/?p=10856"},"modified":"2022-08-04T17:12:58","modified_gmt":"2022-08-04T21:12:58","slug":"7-parts-business-plan","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/7-parts-business-plan\/","title":{"rendered":"What Are the 7 Parts of a Business Plan?"},"content":{"rendered":"

Does <\/span>starting a business<\/span><\/a> seem overwhelming? It doesn\u2019t have to be. Having a plan in place can help you stay focused and organized, and <\/span>making a business plan<\/span><\/a> may also prove to be essential if you need to secure funding. This guide will cover the seven main parts of a business plan so that you can get started today<\/a>.<\/span><\/p>\n

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  1. Executive Summary<\/b><\/li>\n<\/ol>\n

    First, remember that you\u2019ll be handing your business plan to potential investors, lenders, and business partners. It\u2019s unlikely that they\u2019ll have time to dig through a complex plan, which is why you can begin with a high-level summary of your business, its products, and your overall strategy.<\/span><\/p>\n

    Aim for 250 to 500 words. Include data sparingly, and focus on what makes your business unique. And while this section may appear first in your completed plan, you\u2019ll find it much easier to save this section for last when <\/span>making a business plan<\/span>.<\/span><\/p>\n

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    1. Company Description<\/b><\/li>\n<\/ol>\n

      Next, you\u2019ll give a brief overview of your company. As with your executive summary, keep the tone high-level. In later sections, you\u2019ll need to include details about your products, strategy, and management.\u00a0<\/span><\/p>\n

      For this section, focus on issues like:\u00a0<\/span><\/p>\n