Summary

In this section, you learned about business plans. First, describe an idea and how to implement it based on a need for a product or service. Next, make sure that you will generate enough revenue to cover your expenses. A marketing section in your business plan will help you strategize on how to get this revenue. Finally, investors and funders like to see that the project will be sustainable after a few years. Although business planning isn’t a good tool for every idea, it is extremely helpful when you have a program that will generate revenue and need to be sustainable.

This section has provided a brief overview of the parts of a business plan. However, an actual business plan would have more details. Here's a sample outline for a complete business plan.