Every business needs to have a written business plan. Whether it’s to provide direction or attract investors, a business plan is vital for the success for your organization. But, how do you write a business plan?

Recommends that a business plan include:

▪️Executive summary — a snapshot of your business

▪️Company description — describes what you do

▪️Market analysis – research on your industry, market and competitors

▪️Organization and management — your business and management structure

▪️Service or product — the products or services you’re offering

▪️Marketing and sales — how you’ll market your business and your sales strategy

▪️Funding request — how much money you’ll need for next 3 to 5 years

▪️Financial projections — supply information like balance sheets

▪️Appendix — an optional section that includes résumés and permits

However, getting started may be difficult to do. So, here are seven steps for writing a perfect business plan: