Business Plan For Startup Business

Many lenders request that you include this statement, itemizing all of your financial needs for the business, along with your personal investment in the business, and the financing expected from your lender or investor.

If you take your business plan to a lender or investor, you will also be asked to provide personal financial information.

It just won't be as helpful, since each business is unique.

You want your plan to be a useful tool for starting a business—and getting funding if you need it.

If you're looking for a tool to walk you through writing your own business plan step by step, we recommend Live Plan, especially if you're seeking a bank loan or outside investment and need to use an SBA-approved format.

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How do you know what elements need to be included in your business plan, especially if you've never written one before?

Describe the facility you will use for your business, including an address and information about the area.

Include the square footage and a layout of the business, if this is available.

Describe the owners and management of the business, along with the expected number and types of employees who will be working in the business.

This will be a very brief description; you'll be doing a more detailed management plan in a later section.

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