Building a Business Plan 

Building a Business Plan Part 1
Background Information (1.2)
Tell your story. Provide background information on the company and include the general nature of the business: retail, manufacturing, service; what your product or service is; what is unique about it; and why you believe that your business will be successful. (max 1-2 paragraphs)

Financial Needs (1.3)
Provide a summary statement of the business- financial needs: rent, labor, start-up materials, information systems, etc. There should be some rough, preliminary calculation included. (max 1 paragraph)

Impact on Labor (1.5)
Describe the number of skilled and non-skilled jobs the business will create, and indicate how purchases of supplies and other materials can help local businesses. (max 1 paragraph)

Impact on Community (1.6)
Describe how providing needed goods or services will improve the community and its standard of living. (max 1 paragraph)

Effect on Individual Growth (1.7)
State how your business can develop new technical, management or leadership skills, offer attractive wages, and provide other types of individual growth for your employees or community. (max 1 paragraph)

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