Your company description can also incorporate your mission statement.
This is an opportunity for you to gain a better understanding of your startup.
Your competitors will depend on your target market.
If you’re planning to sell jeans for $50, you won’t be competing with designer brands selling jeans for $750.
Writing a formal plan increases your than those without a plan.
If you have an idea for a startup company but not sure how to get started with a business plan, I’ll help you out. Instead, identify who you are and when you plan on going into business.
You’ll cover that in greater depth as you write the rest of your business plan.
Keep in mind, this description is a summary, so there’s no reason for you to write a ton.
I’ll show you how to write different elements of your business plan and provide some helpful tips along the way. State what kinds of products or services you’ll be offering and in what industry. Be clear whether you’ll have a physical store, operate online, or both.
Is your company local, regional, national, or international?