This is part of our series entitled, "How to Write A Business Plan." Each entry will offer detailed suggestions of what to include in a business plan for a particular business. We also suggest you take a few minutes to read our "How to Write An Effective Business Proposal" white paper, which outlines the objectives, goals and tone you all business proposals should aim for.
Business plans are an essential starting point for any successful business. Your completed plan will serve as the primary document you submit to potential investors. Additionally, composing an effective business plan will help you define your company and its goals, thereby keeping you focused on your brand which will save you money.
While business plans vary considerably depending on the type of business you hope to create, it is important to remember that each plan should clearly outline the identity of your business (who are you, what goods/services will you offer, what makes your business unique? What, in other words, is your "brand?"), identify the need or demand for that businesses services and/or products, and detail how your business will succeed financially.
A business plan for a restaurant should include the following: