The best way to put together a business plan is first to do a comprehensive research on the type of business you are going to set up and study the industry you would like to enter into. The business plan should consist of the following key elements:
1. Company overview that includes the company’s mission and vision, products or services, unique characteristic of the product and the business opportunities.
2. Study of the business environment that includes industry, market, competition and target market analysis
3. Company description that introduces the management team, technology used, operations, products or services and distribution
4. Company strategy which is the roadmap to achieving the company’s targets and goals
5. Financial review that shows the condition of the company that includes, the financial statements such as the balance sheet, income statement, cash flow statement and projections
6. Detailed action plan that is doable, realistic and can work within a specific time frame