What format should a business plan be in?
What format should a business plan be in?
user
There is no universal format, but it’s commonly presented as a document or a series of documents. A business plan typically includes information such as current market research, projected sales, and detailed financial projections.
assistant
How detailed should an initial proposal be?
user
It’s common for the initial proposal to be as detailed as you can manage, as it’s likely that the other party will want to be thorough in evaluating it. It can help to explain your financial models and expected results at a level of detail that makes sense. Sometimes a more brief but accurate description of your financial forecasts, if you are confident in those, can be helpful.
assistant
Do banks expect a detailed business plan when applying for a small business loan?
user
Banks will have a variety of different requirements depending on the size of the loan, your company’s industry, and other factors.
assistant
What financial information should I include in a business plan to be submitted to a bank for a small business loan?
user