Vital Components of a Business Plan

Principle purpose of this article is to discuss vital components of a Business Plan. A business plan is an official statement of a set of business goals, the causes they are believed attainable, and the plan for reaching those ambitions. It may also include background information about the institute or team attempting to achieve those goals. Here briefly discuss some components of a Business Plan, they are: a mission statement, a description of your business, short term and long term goals, potential customer base, competition analysis, financial analysis and marketing plan.