Final answer:
The applicant must provide an executive summary, business description, market analysis, operating plan, marketing and sales strategy, financial projections, and an appendix in regards to the plan.
Step-by-step explanation:
In regards to a plan, the applicant should provide several key components:
- Executive Summary: This is a brief overview of the entire plan, summarizing the main points and goals.
- Business Description: This section explains the nature of the business, its mission, and the products or services offered.
- Market Analysis: Here, the applicant should provide a thorough analysis of the industry, target market, and competition.
- Operating Plan: This section focuses on the day-to-day operations of the business, including the location, facilities, and staffing.
- Marketing and Sales Strategy: The applicant should outline their plans for promoting and selling their products or services.
- Financial Projections: Financial statements, such as income statements, balance sheets, and cash flow statements, should be included to demonstrate the viability of the business.
- Appendix: Any supporting documents, such as resumes, licenses, permits, or market research data, should be included in the appendix.
By providing these components, the applicant can present a comprehensive and well-structured plan to potential investors or stakeholders.