Industry analysis: To provide a picture of your industry and of the position of your business within the larger framework4.
Market and Competition: To evaluate what you are getting into.
Executive Summary: By definition, to summarize the elements of your business2.
Company Description: For identification, to introduce your readers to your company and your business concept3.
The traditional format is appropriate if you want to have a comprehensive, detail-oriented plan, or if you are requesting financing.
The lean startup format is best for those who have a relatively simple business and want to start it quickly, or as a starting point for those who plan to refine and change the plan regularly.
A business plan exposes a new company's strengths and weaknesses.
It reveals ways to capitalize on the strengths and minimize the weaknesses, uncovers every facet of the business that can be developed, and points to the best method for that development.
Writing a business plan for your new business is a straightforward process that you can move through step by step to completion.
The whole process can be accomplished in two to four weeks, depending on your business.