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Business Facts

  • There are 28 million small businesses in the U.S. -- which outnumber corporations 1162 to 1.
  • 70% of small businesses are owned and operated by a single person.
  • Small businesses employ 57% of the country's private workforce.
  • Small businesses pay 44% of U.S. payroll.
  • Only 50% of businesses survive five years.
  • Immigrants make up 12.5% of small business owners nationwide.
  • 60 to 80% of all new jobs come from small businesses.

For further assistance with creating  a business plan or questions regarding the process please contact our specialists at 888-300-3039.

A business plan is an essential road map for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.

A Business Plan Includes

  • Executive Summary - Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals.

  • Company Description - Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves.

  • Market Analysis - Before launching your business, it is essential for you to research your business industry, market and competitors.

  • Organization & Management - Every business is structured differently. Find out the best organization and management structure for your business.

  • Service or Product Line - What do you sell? How does it benefit your customers? What is the product life cycle? Get tips on how to tell the story about your product or service.

  • Marketing & Sales - How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan.

  • Funding Request - If you are seeking funding for your business, find out about the necessary information you should include in your plan.

  • Financial Projections - If you need funding, providing financial projections to back up your request is critical. Find out what information you need to include in your financial projections for your small business.

  • Appendix - An appendix is optional, but a useful place to include information such as resumes, permits and leases. Find additional information you should include in your appendix.

Business Plans