A professional business plan is a document, in which a writer illustrates the results and actions that a business wants to achieve. Professional business plan is based on primary facts and figures. For businessmen who are looking for large amounts of returns, a proficiently-written business plan can act as a roadmap to success.
Following are some basic tips for writing a professional business plan:
1. Identify type of business. Below are the most common types of business:
• Wholesale: This category of business is characterized by high inventory investment and low gross profit margins. Wholesalers directly buy goods from brokers or manufactures. And resale the merchandise to retailers. Wholesalers usually do not sell to consumers.
• Retail: Retailers buy merchandise from wholesalers and sell it directly to consumers.