Business plan background information

The type of facilities needed, if any e. Your excitement should show in the tone of your writing, and your aim should be to get the reader interested in reading the rest of the business plan.

If this plan is for outside use or investment, consider the perspective of your audience.

business plan template

The business background provides the reader with information regarding: The type of business e. Instead, concentrate solely on characteristics that are specific to your particular business. If this is an existing business, describe the business and current financial status.

If you are a one-person show, then you should demonstrate some abilities in each area of business or surround yourself with experts in those lacking areas through contractual arrangements, such as accounting or legal services.

Unfortunately, we cannot sell the products at a higher price simply because we offer services; the market has shown that it will not support that concept.

how to write a company history

The purpose of your plan also determines its length. It's a great way to quickly test a business concept or measure the interest of a potential partner or minor investor.

Historical background of company

A similar trend shows for our main-line peripherals, with prices for printers and monitors declining steadily. Writing Your Company Description Once you've organized the key information that you want to include, you need to write the section in a way that will be appealing to readers. Make them understand the value of the relationship. This means the five to 20 unit system, connected by a local area network, in a company with five to 50 employees. The number and type of employees. We generally know the characteristics of our target market, but we can't find easy classifications that fit into available demographics. An electronic plan can be handy for presentations to a group using a computer-driven overhead projector, for example, or for satisfying the demands of a discriminating investor who wants to be able to delve deeply into the underpinnings of complex spreadsheets. But business plans are not all the same any more than all businesses are.

For example, if you chose to incorporate rather than to operate as a sole proprietor, what factors influenced your decision? Have you launched new products over time? Our revenue structure has to match our cost structure, so the salaries we pay to assure good service and support must be balanced by the revenue we charge.

They almost always have a footprint of over 10, square feet of space, usually offer decent walk-in service, and are often warehouse-like locations where people go to find products in boxes with very aggressive pricing, but little support.

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Example of Company background