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| Required Documents | Appendix should include an executive summary, financial projections, and supporting documents. Required documents may include:
- Tax returns of principals for last three years Personal financial statement (all banks have these forms)
- Copy of proposed lease or purchase agreement for building space
- Copy of licenses and other legal documents
- Copy of resumes of all principals
- Copies of letters of intent from suppliers, etc.
- For franchised businesses, a copy of franchise contract and all supporting documents provided by the franchisor.
Usually start-up entrepreneurs have difficulty in writing out business plans. Studying the plans of established businesses in the chosen industry is one of the best ways to learn about art of writing a business plan.
So, there are six steps that will help you to get a worthwhile plan:
1. Write out your business ideas.
2. Collect all the information you can on the feasibility and the specifics of your future enterprise.
3. Improve your concept based on the facts you have compiled.
4. Outline the details of your business.
5. Put your plan into a compelling form. It may become a valuable tool in dealing with business relationships.
As a rule a business plan is writing for about 3 years. But for all that the main activities for the first year should be done in monthly laying out, for the second one it should be done quarterly and beginning with the third year they may be limited by yearly activities.
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