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When
writing this summary in your business plan, you should also describe
the company's CURRENT status, its strategies, and its plans for the
future.
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Your
business plan should
address questions like...
Does
Your Business Have
A HISTORY In The Business?
Readers will first
want to know about the history of your business. If you have an existing
business, briefly describe when and by whom the business was started and
any MAJOR changes that have occurred in the business.
If this is a new business, highlight some of the reasons WHY you
would like to start this specific business.
What's
The Legal Form
Of Business Ownership?
Is your business a
sole proprietorship, partnership, or corporation? What is the legal name
of your business and who are the principal owners?
The legal form of your business will affect who PAYS the TAXES and is
LIABLE for the debts of the business.
Where
Can Your Business Be
Found And What Kind Of
Facilities Do You Have?
Discuss where your
business is located and what facilities you have.
You
may wish to include...
-
the
company address,
-
a
physical description of your site,
-
the
size of your facility,
-
your
equipment, and
-
your
lease arrangements.
Do
You Have An
Internet Web Site?
If you have a WEB
presence that contributes to company sales, investors will also be
interested in your Web site.
Your
plan should include information about...
In addition to the
above, be sure to write about how the location of your business adds to
the SUCCESS of the business.
If you are just
starting out, go to our SBI!
Reference Center to learn the BEST way to succeed on the Internet.
Click
here to continue with Product and Services Summary
Articles courtesy of Palo
Alto Software, Inc.
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