Top 7 Business Plan Elements for Entrepreneurs

25 Nov 2014

What are the necessary business plan elements?

Although a proper legal structure is very important for a startup business plan, there are many other considerations that are very likely much more important if the business is to be successful.

In particular, developing a business plan is often very important, even for those businesses that do not intend to raise outside capital. Though the term business plan is quite general and can have a myriad of different meanings, the term business plan often refers to a document that contains the following seven (7) sections, or some derivatives thereof:

  1. Executive Summary

  2. Company Description

  3. Analysis

  4. Market Strategy

  5. Marketing & Sales

  6. Organization & Management Plan

  7. Financial Plan

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