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Believe it or not, there are multiple types of business plans based on function or a particular goal. Though in our case, a comprehensive business plan is a business strategy broken down into several categories, detailing each step for achieving organizational milestones. This is supported by research and the background of the business itself, including a fiscal overview of the business’s financial history, future projections or both, if applicable.
Not all business plans are created equally and depending on the industry, can differ greatly as some areas of focus may need to stand out more than others. For example, a business plan for a real estate investment firm versus a business plan for a restaurant would be day and night in contrast. While some categories might remain the same, there could be newly added categories that are tailored specifically to that industry.
Though business plan’s details can vary from industry-to-industry, there are some key fundamentals that are included in most business plans such as an executive summary, company overview, market research, competitive analysis, organizational structure, demographics, financial analysis, products/services, projections and milestones.
Most comprehensive business plans generally include the following features:
The length of the business plan depends on the age of business, its current model, and existing suite of products and services.
Eye-catching charts and graphs that offer a visual illustration of facts and figures.
This should include a full overview of the business, its founders and its successes, offering a detailed picture of what the business is about.
This plan should include how the business has or will reach its goals.
Things that make the business unique. What can this business offer that others like it cannot?
Contingency planning is key. A plan B is always good to have. No one wants to think negatively but no business is invincible. A backup plan is necessary.
Financial data that supports the business’s current or future standing.
Who needs a comprehensive business plan?
The need for a business plan can vary based on its audience or targeted goal. Business plans have now become more commonplace with more and more organizations applying for grants and funding, especially with the impact of the recent pandemic. While financial institutions may want to help, not all funding programs are grants, and they want to be assured businesses will be in a position to pay them back. No one can blame them for that. A business plan paints a picture that will help them to determine that. So, who actually needs a business plan?
Our business brokers are highly experienced in the selling and buying processes for organizations, providing an in-depth outlook into what investors require and look for. We will sign a nondisclosure agreement to ensure the sensitive details of your document remain confidential.
Our comprehensive business plans are engaging and very thorough, providing businesses with the information points necessary to impress investors and meet all compliance requirements from financial institutions.
We take the time to not only make your business plan effective, but attractive. Presentation is everything.
**Financials are required in order to purchase a comprehensive business plan. We need your recent balance statements, P&Ls, cash flow statements, and expenses. If you don’t have any financials, a Pro-Forma Financial Package add-on, created by our Accounting team, is available. Click here to purchase.
