The outline of a good SBA Business Plan

An SBA Business Plan is a formal document that outlines the future goals of a business, the strategies, and the timeframe in which the business owner will achieve his/her goals. A good business plan will take you step-by-step on how to start and run your business.

A business owner must make sure they have a good Business Plan because that is what will attract investors and new business partners. A good business plan gives the investors the confidence to invest in the business and assure them of a return for their investment.

The best way of making sure that one has a good SBA business plan is hiring someone who is well capable of writing a good BUSplan which will be convincing to the potential investors.

There are many Professional Business Plan Writers in the market today. It is crucial for the owner, to choose one that understands the nature of the business and the goals to be attained. That way, the SBA Business Plan will be a tool to attract new business partners. 

Joorney is a company that offers an array of professional Business Plan Writers who have lots of experience in the writing of SBA business plans.

A good business plan entails the following parts.

Summary

The summary is the first part of an SBA Business Plan, which contains the table of contents, the background of the company, competitive advantages, financial highlight, and the management overview. The executive summary should include what the business owner wants in brief. It should be precise and to the point and usually is no longer than one page. 

Business structure

Here, the business owner should explain the nature of the business and the reasons behind the choice of that specific business. You should discuss the service you are offering or the products you are selling discussed extensively. If it is a product, you should describe the manufacturing process and its advantages to consumers.

Marketing research and strategies

The business owner should present well-researched facts showing why he/she believes that this is a lucrative business.  Competitive pricing of the product or service is usually discussed in this part of the business plan. You are also supposed to outline the marketing strategy to be used for the marketing of the product or service. Research is crucial because it gives the investor the confidence to know whether he/she can invest his/her money into the business.

Organization and management team

You should provide the bios of the company management team and executives. And their expertise was discussed. A team with vast experience in the business is an excellent thing because investors will always evaluate the risk involved. If the unit lacks the knowledge needed, then the potential partners lose trust and, as a result, fail to fund the company.  

Financial plan

The owner of the business should present the financial documents in this stage. You should table the profits and loss statements, balance sheet, and the expected revenue for the next three years. Note, this should be projections and not the current financial standing of the company.

The benefit of choosing one of the Professional Business Plan Writers from Joorney is that you will get an effective SBA Business Plan and the objective perspective of an outsider.