Free Business Plan


SWOT Analysis







Frequently Asked Questions
What is a SWOT analysis?SWOT analysis is a planning method used to identify and quantify the key issues in a prospective business, ultimately to aid in predicting viability and to help bring strategic focus.By objectively identifying yourself among your competitors, you can position your company to compete successfully in your market.


Your Business Plan

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BUSINESS PLAN







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November 16, 2018


Executive Summary

The Ownership
The company will be structured as a sole proprietorship..

The Management
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The Goals and Objectives
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The Product
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The Target Market
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Pricing Strategy
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The Competitors
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Business Plan - _________________________________

The Company

Business Sector
The owners would like to start a business in the  sector.

Company Goals and Objectives
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Company Ownership Structure
The company will be structured as a sole proprietorship.

Ownership Background
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Company Management Structure
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Organizational Timeline
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Company Assets
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The Product

The Product
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Marketing Plan

The Target Market
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Pricing
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Advertising
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Competitor Analysis

The Competitors
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Staffing
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Business Plan Information

Alternate Names:

A Business Plan is also known as a:

  • Business Proposal
  • Marketing Plan
  • Business Strategy
  • Marketing Strategy
  • Sales Plan

What is a Business Plan?

A Business Plan is a written document that outlines a company's goals and how it plans to achieve them. It also encompasses several other aspects of a company's future agenda and can serve as a tool for internal decision-making or as a business proposal to pitch to potential investors.

Who needs a Business Plan?

Entrepreneurs who are starting a new company or building an existing business, including:

  • Large or small corporations
  • Small businesses like brick and mortar retail stores or restaurants
  • Service-based businesses like computer repair stores or accounting firms
  • Online startups
  • Software as a Service (SaaS) companies

When should I use a Business Plan?

A Business Plan can be used to build the framework for your new or existing enterprise, and to set goals for your business.

It can also be used by your startup as a way to present your ideas, sales projections, and plans for achieving your objectives to potential investors for funding purposes.

How do I write a Business Plan?

While a Business Plan may vary in how it is organized, LawDepot's Business Plan helps you list your business information clearly and concisely in the following sections:

Structure: This refers to the legal arrangement of your company. The most common company structures include:

  • Sole Proprietorship: A business owned by a single individual who is responsible for all the debts, responsibilities, and obligations of the company.
  • Partnership: Two or more individuals own the business and share in the profits or losses of the company.
  • Corporation: A type of business structure where the business itself is considered a legal entity, so it has the rights and obligations of a person. A corporation is owned by shareholders who have a limited liability relationship with the company.
  • Limited Liability Company (LLC): An LLC is a combination of the most desirable features of a partnership and a corporation. Members of an LLC enjoy the limited liability of a corporation in that any risk is limited to what they have invested in the company. In addition, an LLC can be created in such a way that it enjoys a similar tax structure to a partnership.

Product: The product section allows you to describe the product or service your company offers. For example, if you own a retail business selling and repairing computers, that information would be listed here.

Marketing: The marketing section allows you to list your target audience. For instance, if you have a business-to-business (B2B) focused company, your target audience would be other businesses rather than consumers.

SWOT: SWOT is an acronym for "Strengths, Weaknesses, Opportunities, and Threats." A SWOT analysis evaluates these specific aspects of your business.

How long should a Business Plan be?

The length of your Business Plan depends on the size of your company, and how you intend to use your plan. It can be as simple or as comprehensive as you would like.

The more you put into it, the more your business may derive use from it because there is a clear strategy laid out for you to follow.

If you intend to use your plan as a business proposal to enlist investor funding, it is recommended that you have a more concise and detailed plan.

How often should I update my Business Plan?

Your Business Plan should be a working document that you consistently refer to and periodically revise as your situation changes. Whether this is once a year or every quarter, it's important to adjust your plan as necessary so it always reflects your business's current and future direction.

Updating your plan keeps your company and employees focused on the same goals, and may even enliven your business as you hit milestones, and work towards achieving new ones.

Related Documents:

  • Partnership Agreement: a document used by general business partners to set the terms of their working relationship
  • LLC Operating Agreement: an agreement used by LLC members to map out company rules and the rights and responsibilities of its members
  • Articles of Incorporation: a document that is filed with the government to form a corporation
  • Directors' Organizational Meeting: a document that organizes the corporation in order to determine how it will operate, as well as general details regarding shareholders, and appointment of officers
  • Purchase of Business Agreement: a contract where an individual or corporate party purchases all assets or shares of a company
  • Corporate Bylaws: a document that sets out the rules that govern the internal management of a corporation

Frequently Asked Questions:

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