Where are we going? Where do you want to go in regards to some of the key components of your Business?
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Where are we? Where is the business currently in terms of financial, personnel, inventory and other vital aspects of the business, and how did you get there?
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Even if you are not looking for financing from any entity or individual, a Business Plan should be part of your Standard Operating Procedure. All businesses need a Business Plan.
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Business Plans written for private investors should also include the amount of control they will have over the business and in the business, and whether or not that control will be private or public.
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Plan written for them, including the percentage of their return, and in many cases their percentage of ownership.
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Private Investors place more emphasis on their Return on their Investment (ROI).
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4 Business Plans Written for Private Investors
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Lenders want to be assured that they are making a good investment, and not just short-term.
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Lenders are also looking for proof of longevity of the business in your Plan.