BUSINESS
COMPONENTS OF A
BUSINESS
How To Draw up
business plan
We live in an age that is
more focused on
entrepreneurship with new
ideas springing up from the
gaps in different socioeconomic environments.
One of the key points to
being a successful business
person is to be organised
that means to have a well
planned and structured
business plan. Here are the
steps to drawing up a good
business plan.
What is a business plan?
A business plan is a plan of action
broadly indicating every aspect of
proposed business.
Why is a business plan
important?
Business plans compel the
entrepreneur to structure their
thoughts and ideas logically.
Writing them down will serves a
COVER PAGE
guide once the business is up and
running. The business plan is a
decision-making instrument. It will
help him/her to consider all the
potential challenges (problems)
they will encounter and come up
with possible strategies (solution0
to deal with each challenge. It will
make him/her proactive, a good
characteristic in an entrepreneur.
Drawing up a business plan
The business plan must be neat
because it’s the first impression in
the bank or investors will get of
your business. It must be short and
business-like, simple, easy to read
and logical. All conclusions and
decisions must be supported by
research and proof.
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This page should list your
business details and be
designed to catch the reader's
eye. Business details such as
the company/business name,
your name (owner’s name),
address, contact details,
company logo and the date of
preparation of the business
plan.
CONTENTS
This is the guide for the reader
which includes all the headings
and page location.
EXECUTIVE SUMMARY
This is an overview of the
entire business plan and
why you as the entrepreneur
thinks that the business will
succeed.
DESCRIPTION OF
BUSINESS
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