When writing your business plan, you must include necessary business plan components for it to be effective and coherent. Even if you're the only one who will see the plan, you need these to give you a comprehensive picture of where your business is headed. The good news is that there aren't many necessary components to worry about. Having an executive summary is not fluff. It's one of the necessary business plan components, because very few people will have an interest in reading your entire business plan in depth.
Top 10 Components of a Good Business Plan
What Are the Components of a Business Plan? | Bizfluent
Among experts there is a debate about the necessity for a business plan. Some say that you only need a business plan if you are seeking some sort of loan or funding from investors. Some even say that taking the time required to create a business plan can stifle the startup process and cost precious opportunities for a small business. In my opinion, writing a business plan is necessary whether you need outside investors or not. The process of writing a winning plan forces you to invest significant time and energy into thinking about your business and doing your homework.
What Are the Components of a Business Plan?
If you're thinking about developing a marketing program, you need to begin with a marketing plan. Having been in marketing for more than a decade, I have seen my share of marketing plans. Some are short and to the point, others are hundreds of pages thick and cost thousands of dollars to produce. The irony is that many of the expensive marketing plans end up on a shelf and rarely get implemented.
In this edited excerpt, the authors describe four different types of plans you could write and what you'd use each one for. Business plans can be divided roughly into four distinct types. There are very short plans, or miniplans, presentation plans or decks, working plans, and what-if plans.