Starting a new business can be equal parts exciting and daunting, but business owners must implement thoughtful and careful planning to be successful. Creating a business plan with an attorney allows you to chart out your commercial expedition with a step-by-step guide. Putting your vision on paper will also help attract investors to bring your ideas to life. If you’re not sure what to include in your master plan, use the following guide to learn the essential aspects.

What to Include in Your Business Plan 

1. Executive Summary

Think of this as a longer version of your elevator pitch. As the opening to your business plan, this section is meant to pull investors in and get them excited about your vision. This should be between one and four pages long and outline the points to come.

2. Business Overview

In this section, write a profile for your new enterprise. Explain what you offer and what stage your business is in. This part should also offer practical details like when your business was formed and what your legal entity form is.

3. Analyses

This is your chance to show off. Just how much do you know about the environment you’re hoping to enter? Expand on your knowledge about the industry, your target customers, and your competitors.

4. Sales Plan

In this section, outline your prices and how you arrived at them. Describe what marketing and distribution tactics you might use, and why customers will be drawn to them. An attorney can help you work out the particulars of this project finance section, including tax planning.

5. Operations Plan

Here you should talk about the inner workings of your company-to-be. What will you and your subordinates be doing on a daily basis? What do you need to accomplish to be successful? Ideally, this plan should cover the next one to three years.

6. Financial Plan

Don’t hesitate to ask for an attorney’s help for this section, as this will be the grand finale for interested investors. Highlight your revenue channels. Include financial projections for the next few years. If you need startup funds, outline the amounts and how they will primarily be used. Your attorney can also help you devise exit strategies, including plans to sell the company to investors in the future.

While enthusiasm is crucial for a new business owner, an attorney can help you cut through the distractions and finalize a solid business plan for success. Let Greene Law PC of Farmington, CT, be your guiding light as your company prepares for promising beginnings. In addition to business planning and strategy work, they also offer commercial finance and real estate services. For more information on how they can help your new enterprise, visit the website, or call (860) 676-1336 today.