What is a business plan?

A business plan is an argumentative document that aims to convince its reader to invest money in a company or a project. The plan must answers the following questions:

  • who are you (legal structure, ownership, location, etc.)?
  • what do you sell (product, service)?
  • who do you sell to (customers)?
  • how do you sell (distribution channels, marketing plan)?
  • who is the competition?
  • what is the roadmap (milestones, timetable)?
  • how is it made (manufacturing process, suppliers, technology, etc.)?
  • what are the funding requirements (amount, source of financing)?
  • what is the expected return on investment (cash flow forecast)?

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