This section of the plan provides a high-level view of your business. Descriptions and information must be brief and concise.
Whether you’re starting a new business, expanding an existing one, or working on how to improve your current business, a plan is an excellent operating tool. Planning is done to assess new strategies and direction for an existing business, and feasibility of a new business.
One of the keys to hiring excellent employees is to make sure you have in place a formalized interview process. Important parts of the process may include; an employment application that allows for last three job descriptions, duties and responsibilities, dates of employment by month, immediate supervisor, what they liked about the last job, what they disliked, what they saved-achieved-or made for the company during this job.
An important part of starting or expanding a business is financing. One of the most common reasons that small businesses fail is due to insufficient capital. Finding the right type and source of financing is critical for a company’s success.