10 Key Components of a Business Plan

Prepare Your Business Plan

Are you starting a business? If so, you will need a business plan. This article describes the most common components found in a business plan. There are no hard-and-fast rules requiring all of these components. However, as you prepare your business, think about how to include all of these elements so that you provide a complete picture of what you expect from your business project.


1- Cover Memo

The cover memo provides a brief description of your business plan. It should personally identify the person to whom you are sending the plan, and any personal connection they may have with you and your plan.


2- Title Page

The title page should include the name of your business, its industry, and who prepared the business plan.

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