Business Plans

Boca Raton Business Plans That Work for Your Company

Your business plan is a critical element in your company’s ongoing success. By working with an experienced Boca Raton business plans lawyer, you can create practical plans for your organization and your employees that suit your needs and comply with the letter of the law. Understanding the elements of your business plan can help you to create the most effective solutions for your company’s needs.

Parts of Your Business Plan

While the format of your business plan may vary significantly depending on the needs of your company, most business plans consist of at least seven sections:

• The Executive Summary appears at the beginning of your business plan and provides an overview of its contents. It generally includes your company name, address and phone number, its mission statement, the types of products or services offered and the objectives for which the business plan will be used.
• The Company Description is a big-picture look at the current state of your business. It may include information on financial growth, organizational structure and the goals of your company in the short and long term.
• Your Market Analysis section includes research on the current market for your products and services, information about your most likely competitors and a look at your company’s rationale for entering or continuing in this industry.
• Your business plan should also include an Organizational Chart or management tree that clearly outlines the structure of your business.
• The Services and Products section contains a list of current and planned offerings for the consumer or business-to-business marketplace.
• Marketing sections include a brief overview of past campaigns and a look at future promotional activities planned at your company.
• Financial Projections are usually close to the end of the business plan and give potential investors and shareholders a clear view of the prospects for profitability in the future.

Funding requests may also be included as a separate section of your business plan. The Small Business Administration recommends that your business plan cover the next three to five years to optimize the practical use of these essential documents.

Your Boca Raton Business Plans Lawyer

At the Boca Raton business law firm of Berkowitz and Associates, we specialize in all areas of business law and can provide your company with the most accurate and comprehensive legal support. We can help you create a business plan that works for your company and your ongoing needs. Give us a call today at 561-982-7800 to set up an initial consultation. We look forward to the opportunity to serve your legal needs.