By Barbara R at July 23 2019 15:46:40
Business Description: After the executive summary, you need to write a short description of the business you are going into. You need to give a general description of the industry your business belongs to. You will write about your company's mission statement, goals and objectives, business philosophy, as well as its legal form of ownership (sole proprietor, corporation, LLC, etc.). Describe your most important company strengths and core competencies. What factors will make the company succeed? What do you think your major competitive strengths will be? What background, experience, skills, and strengths do you personally bring to this new venture?
Figure Out How to Do It _ Every entrepreneur has a very idealistic image in their mind of the kind of business that they want. Getting to that point is a process though and you need to work out a path to get there. One great way to figure out how you will proceed is to first write down what you want to do. Next, write down as many questions as you can about how you are actually going to do it. These will include questions like 'Will I do on_site or off_site catering?', 'How will I get access to kitchen facilities?' or 'How many catering jobs will I need to land each month to break even?'. As you slowly work out the answers to the problems that you come across you can write them down in the appropriate sections of your business plan.