A Business plan serves as a guide for how an organization will be managed. A business plan is frequently required before a company can obtain a bank loan. Detailed plans that cover every facet of the business, such as personnel, marketing, finance, industry, and operational procedures, are typically considered excellent. They are clear, speak with every employee of the business, and demand dedication from all. All financial data should be included in good business plans. List all your loans along with the dates that they will be repaid. Additionally, provide an overview of the capital equipment that will be utilized and its depreciation schedule. Calculate the break$-$even point to determine when your business is expected to make a profit. Use a three$-$year sales and profit projection as the foundation for your break$-$even analysis. According to the Small Business Administration, project your sales and profits every month for the first year and every quarter for the following two. It will be possible for you to determine the exact amount of capital required for ongoing growth if you include all financial information in your business plan.

this is just a discussion post from one of my classmates...i am only responding back to them...its only a discussion.