Business planning is about designing a strategy to achieve set objectives. It is the road map that will lead your business to success. The process of creating a business plan can be overwhelming, which is why many businesses never even attempt it. But you will find that once you finish one, you will want to create another one for future expansion or growth opportunities.

In this part, you can develop a business plan using a "checklist", step by step.

• Executive Summary
  • This is a brief introduction to the business you have planned.
• Basic information about the business
  • This section should contain the basic information of the business such as the name of the business, logo, vision, and mission, about the product, contacts, management structure.
• Marketing plan
  • This section should contain about marketing strategies of your business.
• Operational plan
  • This section should contain about operational strategies of your business such as staff, manufacturing, and distribution of a product or service, quality management, selection of a location, finding resources.
• Management plan
  • This should contain details about your management and administration structures.
• Financial planning
  • This section is one of the most important sections of a business plan. this should contain about cash flow and funding of a business. This should include details like startup cost, investments, the cost for salaries, materials, locations, and expected income, and other financial details.
• Annexure
  • Documents like analysis reports, agreements, contracts, legal documents can include here.