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What Supporting Documents Should You Attach to Your Business Plan?

Creating a business plan takes time and effort, but it’s a critical element of launching or growing a business. When you’re putting together your plan, be sure to include an appendix that includes any important supporting documents. This appendix will provide investors with the necessary context and information they need to assess the viability and potential of your business.

Here are the specific documents that investors will want to see in your business plan:

1. Financial Projections: Investors will want to see a detailed financial projection of your business. This includes your sales forecast, cash flow forecast, and projected profit and loss statement. Use reliable data and realistic scenarios to back up your numbers.

2. Market Research Data: Investors will want to see that you understand your market and have analyzed the competition. Include any industry reports, customer surveys, and other relevant market research that supports your plan.

3. Legal Documents: Investors will want to see any legal documents related to your business, including patents, trademarks, copyrights, licenses, and permits. These documents provide evidence of your legal right to operate and protect any intellectual property.

4. Operational Plans: Investors want to know how you plan to operate and manage your business. Include any information about your management team, organizational structure, manufacturing processes, and supply chain management.

5. Résumés: Investors will also want to see the résumés of your management team, including their education, work experience, and relevant accomplishments. This provides them with a sense of the team’s experience and expertise.

By including all of these important documents in your business plan, you demonstrate to investors that you are serious about the viability of your business and have done your research. Providing comprehensive supporting documentation can make all the difference in securing the funding you need to move forward.

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