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In this section of your business plan you'll present general information about your business, such as ownership, and structure of the business - either sole proprietorship, partnership or corporation.
If you've been in a business for a few years, include basic details such as when the company started, who started it, its' organizational structure, and how the company has changed. If you're starting up, your business will rely on the skill sets you have honed over many years, so include information about where you have used your talents before and how they apply to this business. Your personal resume can be a part of your business plan. Also outline steps you've already taken to get your business off the ground.
Consider the following business descriptors when writing your Business Overview:
- Legal Name of Business and Trade Name of Business (if different from legal name)
- Business Address
- Mailing Address (if different from above)
- Phone number
- Fax number
- E-mail Address
- Your Name(s) and Title(s) (if applicable), or if the business is a Partnership structure:
Owners and % Ownership (such as, Gavin Laveaux 50%, Mona Laveaux 50%)
- Structure of the Business (choose from Sole Proprietorship, General Partnership, Limited Partnership or Incorporated Company)
- Nature of Business (such as Retail, Wholesale, Fishing, Manufacturing, Agriculture, Professional Practice, Trucking, Restaurant, Service)
- Bank and Branch Location used for Business Matters
- Bank and Branch Location used for Personal Matters
- Date Business Established
- Business Background or History
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