| There are three essential parts to a good business plan: The Business Concept, the Marketplace Section and the Financial Section. You also want to create the Executive Summary, which describes your business and should outline the overall nature of the business, its legal form of operation (sole proprietorship, partnership, corporation, LLC or S Corporation). The Executive Summary should be short and businesslike. If you are applying for a business loan, you would include the amount and purpose of the loan, repayment schedule, borrower’s equity share, debt-to-ratio after the loan, security or collateral, etc. |
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