Traditional business plan ⏩

              We might prefer the traditional business plan format if you are very detail oriented, may be want a comprehensive plan, or plan to the request financing from traditional sources.

When we write our business plan, we don’t have to stick to exact business plan outline. Instead of, use the sections that we make the most sense for our business and our needs. The Traditional business plans use some combination of these nine sections.

1) Executive summary

Briefly should tell our reader what our company is and why it will be successful. Include our mission statement, our product or service, and the basic information about our company’s leadership team, employees, and the location. we should also include the financial information and high-level growth of plans if we plan to ask for financing.

2) Company description

Use our company description to provide the detailed information about our company. Go into the detail about the problems our business solves. Be specific, and list out the consumers, organization, and/or businesses our company plans to serve.

Explain competitive advantages that will make our business a success. Are there experts on your team? Had we found the perfect location for our store? our company description is the place to boast about our strengths.

3) Market analysis

we will need a good understanding of our industry outlook and the target market. The Competitive research will show us what other businesses are doing and what their strengths are also. In our market research, A  look for trends and themes. and Check What do successful competitors do? , Why does it work? and Can you do it better way? Now's the time to answer/check all these questions.

4) Organization and management

Tell our reader how our company will be structured and who will run it.

Should Describe the legal structure of our business. State whether we have or intend to incorporate our business as a C and/or an S corporation, form the general or limited partnership, or if we are sole proprietor or LLC.

Use an organizational chart to lay out who is in charge of what in our company. Show how each person's the unique experience will contribute to the success of our venture. Consider including the resumes and CVs of key members of our team.


5) Service or product line

Should Describe what we sell or what service you offer. and Explain how it benefits to our customers and what the product life cycle looks like. Share our plans for intellectual property, like copyright and/or patent filings. If we are doing research and development for our service and/or product, explain it in detail manner.

6) Marketing and sales

There is no single way to approach the marketing strategy. our strategies should evolve and change to fit our unique needs.

our goal's in this section is to describe how we will attract and retain more customers. we will also describe how the sale will actually happen. we will refer to this section later when you make the financial projections, so make sure to thoroughly describe our complete marketing and the sales strategies.

7) Funding request

If we are asking for funding, this is where we will outline our funding requirements. our goal is to clearly explain how much funding we will need over the next five years or more, and what we will use it for.

Specify whether our needy debt or equity, the specific terms we would like applied, the length of time our request will cover. Give the detailed description of how we will use our funds. Specify if we need funds to buy the equipment or the materials, pay salaries, or cover bills until revenue increases. Always include the description of our future strategic financial plan, like paying off debt and/or selling our business.

8) Financial projections

Supplement our funding request with the financial projections. our goal is to convince specific reader that our business is stable and will be a financial success.

If our business is already established before, include income statements,the balance sheets, and the cash flow statements for the last three to five years or more. If we have other collateral you could put against the loan, make sure to list it now.

Provide the prospective financial outlook for the next five years or more. Include the forecast-ed income statements, the balance sheets, the cash flow statements, and all capital expenditure budgets. For the first year, Should be even more specific and use quarterly  and/or even monthly, projections. Make sure to clearly explain our projections, and match them to our funding requests.

Thank You,