Key Components of a Business Plan | Erich Merkner

Page 1

7/14/22, 1:27 PM

Key Components of a Business Plan | Erich Merkner | Business

a Key Components of a Business Plan by erichmerkner | Jul 14, 2022 | Business, Erich Merkner

A business plan is a document that outlines the critical elements of a project or a business. It allows investors, lenders, and other key players in the business to evaluate the company before investing in it. There are no set rules for what should be included in any other important plan, but here is a list of key components that any company should include in its business plan. 1. Executive summary This is a brief overview of the entire business plan. It should highlight the business’s major products, services, and key strategies. Also, the executive summary section includes the company’s mission statement and vision. It should be written so that it can pass the test of time. Experts’ advice is that this section should be the last to be written and shouldn’t be more than four pages.

https://erichmerkner.com/key-components-of-a-business-plan/

1/3


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Key Components of a Business Plan | Erich Merkner by Erich Merkner - Issuu