Your business description is one of the most important elements of your business plan because it introduces the goals and possibilities to potential investors, partners or other supportive parties. This article explains what a business description is, lists the steps and tips for creating one and addresses some frequently asked questions regarding business descriptions. The business description is an aspect of your business plan that combines the key details of your company, such as what it does and what makes it unique. If your business plan is relatively simple, you can keep it short by detailing the industry and product in a paragraph each and then using three to four paragraphs to describe your business and its components for success. A longer business description may be necessary in some cases but you should always strive to communicate all of the required information as succinctly as possible. Though primarily used when first starting a business, it should be regularly maintained and updated as your business grows.
7 Steps to Create a Technology Startup Business Plan
Cleaning Services Business Plan Sample
A cleaning business plan is indispensable to operating a successful service. Not having one is similar to expecting a driver-less car to reach its destination of course apart from those cars built with the features to do that. The point is, you need a good cleaning service business plan to be able to function effectively. That is what this article seeks to show you how to write one. Your plan serves as a guide or roadmap to navigate the business towards success and profitability.
How to Write a Business Description for a Business Plan
Many entrepreneurs still overlook the importance of a technology startup business plan. In a space as competitive as the tech industry, a lack of preparation will surely pave the way to disappointment. Instead of diving in without any concrete strategy, a plan provides a foundation for sustainable business growth.
The products or services section of your business plan should clearly describe what you are selling with an emphasis on the value you're providing to your customers or clients. Include an in-depth look at all of the elements related to what you are selling. The section needs to explain exactly what you are selling and how it fits in the marketplace. It's easier to describe the value provided if you are the only business in the area selling the product or service in question, but it is likely competitors are doing something similar. Provide information about your competitors' offerings, how they are similar to yours, and how they are different.
This course had some very challenging tasks, and I did find the instructions for one of the assignments a bit problematic, because many of my fellow students misinterpreted them (and it was tough reviewing them when you could clearly see that they did understand the instructions, a big shame).