MANAGEMENT

Detailed explanation-1: -True. Most people think they have to be a CPA or accountant to complete the financial section of their plan. If math is not your thing, find a financial person to help you put your financial section tougher. It’s important that you be with that person when it gets done so you understand the elements.

Detailed explanation-2: -“The most difficult part of writing a business plan is the financial section. It is difficult to project figures on a brand-new business with, possibly, a brand-new concept. There is not roadmap, no one to follow. The best you can do is find a similar company and try to gauge what they are making.”

Detailed explanation-3: -Marketing plan For many business owners, this is the most important section, and much time is devoted to developing it. For without demand, there are no sales.

Detailed explanation-4: -Business plan financials is the section of your business plan that outlines your past, current and projected financial state. This section includes all the numbers and hard data you’ll need to plan for your business’s future, and to make your case to potential investors.

Detailed explanation-5: -The executive summary the most important part of your business plan, and perhaps the only one that will get read so make it perfect! The executive summary has only one objective : get the investor to read the rest of your business plan.