A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business. \
Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment. Your business plan is the tool you’ll use to convince people that working with you — or investing in your company — is a smart choice.
Business Plan Outline
Executive Summary: Briefly tell your reader what your company is and why it will be successful. Include your mission statement, your product or service, and basic information about your company’s leadership team.
Company Description: Use your company description to provide detailed information about your company. Go into detail about the problems your business solves. Be specific, and list out the consumers, organization, or businesses your company plans to serve.
Market Analysis: You'll need a good understanding of your industry outlook and target market. Competitive research will show you what other businesses are doing and what their strengths are. In your market research, look for trends and themes.
Service or Product: Describe what you sell or what service you offer. Explain how it benefits your customers and what the product lifecycle looks like. Share your plans for intellectual property, like copyright or patent filings.
Funding and Finances: If you're asking for funding, this is where you'll outline your funding requirements. Your goal is to clearly explain how much funding you’ll need over the next five years and what you'll use it for. Supplement your funding request with financial projections. Your goal is to convince the reader that your business is stable and will be a financial success.
BUILD YOUR NETWORK
When you learn how to network, it doesn’t just improve your career — it improves your personal life too. The best networkers don’t just have amazing businesses and careers, they have amazing friendships and are always at the front of the line for new opportunities. As a member of the BRCC, you have access to a vast network of like-minded business leaders in your community who you can rely on for support and guidance.
FREQUENTLY ASKED QUESTIONS
What are the perks of becoming a member?
As a member, you have access to our extensive and welcoming community of entrepreneurs that will support you in your business endeavors. You will also get a feature on our website and other perks.
I’m interested in starting a business but I don’t know where to start. Where should I look?
We have many resources on our website! Check out our “Young Entrepreneurs” or “Community Resources” section under the “Entrepreneurs” tab for information on starting a business and getting involved in our community.
I’m not 18 yet, but I have a business idea that I want support for. Can I still get involved?
Yes! We have many programs for young entrepreneurs, and can provide you with mentors to help you build a business.
I’m interested in starting a business but I don’t know where to start. Where should I look?
We have many resources on our website! Check out our “Young Entrepreneurs” or “Community Resources” section under the “Entrepreneurs” tab for information on starting a business and getting involved in our community.
What are the perks of becoming a member?
As a member, you have access to our extensive and welcoming community of entrepreneurs that will support you in your business endeavors. You will also get a feature on our website and other perks.
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