- In this section you will overview your business, and the environment in which it will be operating. You should include:
- A general description of your company.
- Its goals and objectives, and the strategies you are using to reach them.
- Significant factors which will affect the success of your business.
- The environment and the competitive structure in which the business will be operating.
This section should be described in a format that will allow the information in the rest of your plan to fit in.
- The information contained in this section can be discussed in two categories:
- The business
- The industry and environment
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The Business
Briefly describe the basic facts about your business, including:
- Background
- Details about when and how the business will be started.
- Type of company (ie. legal status), incorporation date (if incorporated).
- Founders, key personal, owners of the business, with ownership percentages.
- Key products or services.
- Achievements to date.
- Company strategy
- The company’s market opportunity and how you will take advantage of this opportunity.
- The company’s potential for growth and improvement.
- Address the firm’s opportunities, strengths and weaknesses, and factors threatening its success.
- Future plans and goals
- The company’s goals and how it plans to reach these goals.
- Background
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The Industry and Environment
Describe the basic facts about your industry, and the environment in which you will be operating, including:
- Industry characteristics.
- Major players in the industry, including your competition, their strengths and weaknesses, and how you will be able to compete against them.
- Industry trends and future outlook.