Focus on the key elements of your business plan and avoid getting too bogged down by the technical aspects of your business or using too much industry jargon.
You can always put supporting information or other important details in the appendix.
[Back to top] Now that you’ve written your business plan, here are some tips to help your hard work stand out: Avoid over-optimism: If you’re applying for a business loan at a local bank, the loan officer likely knows your market pretty well.
Providing unreasonable sales estimates can hurt your chances of loan approval.
Accuracy is key, so carefully analyze your past financial statements before giving projections.
Your goals may be aggressive, but they should also be realistic.
This section can also highlight the strengths of your business and focus on what sets your business apart from your competition.
[Back to top] If you’re a startup, you may not have much information on your business financials yet.
[Back to top] List any supporting information or other additional information that you couldn’t fit in elsewhere, such as resumes of key employees, licenses, equipment leases, permits, patents, receipts, bank statements, contracts, and personal and business credit history.
If the appendix is long, you may want to consider adding a table of contents at the beginning of this section.