The typical business plan has about ten steps to it. The first step is an executive summary, which is a quick overview of what the business is about. The second step to the plan is a business description that is a more detailed summary of the business that includes the mission statement, and goals. The next three steps are analysis. These analyses are the target, competition, and the target market analysis. Marketing strategy is next followed by business operations, management of the busine

My business plan is a used car dealership. It will be a full service lot with its own mechanics, service, warrantees, car parts, accessories, and high quality cars. The name of my business will be Craft Cars Inc. it will be an “s” corporation. The goals of the car lot will be to provide high quality cars and the fairest price. The business also plans to grow to the needs of the industry and what’s best for the business. It plans to be able to change the way it does business when needed. “ The most common thing said by people of failed businesses was that they didn’t know what happened to make them fail because they had been doing everything the same way for years” (Craft). With the change in technology and the use of the internet, Craft cars plans to run a cyber lot as well which we expand its customers to the world wide web.

But, the need to write it all down and put it into an actual bound plan has many purposes. The first of course is to obtain financing for the business. Bankers and other financing require a business plan. Anyone lending you their money will need to have some idea of your plans for repayment. They are going to want to know everything you know and think about your business. The bank is going to want to know your potential customers who they are and how you plan on getting them to buy your product. They want to know your competition and what your edge is going to be.

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