One of your first steps to starting a business should be to write a business plan. A plan will help you organize your ideas to present to funders (such as banks and venture capitalists). Do your homework to get these startup dollars. Your business plan should include
- An executive summary that briefly describes why you are starting the business, and what consumer problem the product or service will solve
- An organizational plan that describes the staffing and management structure of the business
- A financial plan that describes the company’s startup budget
- A marketing plan that describes the market, industry trends, and ways the company will reach its intended customer audience
- Appendices or supporting documents
Community Reference services has several resources to assist with industry and market information (see above). We also have business plan samples in electronic format in several resources:
- Gale Business: Plan Builder (accessible remotely with a Kansas City Public Library card)
- Business Plans Handbook, available online via the database Gale Virtual Reference Library.
- Lynda.com, a database that has brief instructional videos on business plan writing
The website Bplans also has many good sample business plans.