Read through as many sample business plans as you like to see how it’s done and get inspired. When starting your own business you’ll probably have a number of partners, investors and employees, and each person may have his or her own idea of how the company should be run and what its goals and objectives should be. Having a business plan will put everyone on the same page and prevent any misunderstandings early on.
Put in your plan the modalities for registration with the appropriate institutionalized agencies e.g. In Nigeria any company certify by cooperate affair commission (C A C), which is into production or distribution of consumable of food and beverages must be register under the National Agency for food and Drug Administrations and Control (NAFDAC).
If you are like many other small business owners, you are not only the owner of the company, you are likely also actively involved in the day-to-day operations as the President/CEO, the marketing department, the IT department, the HR department…the list goes on and on!
While informal business plans can be written in any format and in any order you like, a formal business plan that will be used to request funding …