what are the outline of the elements you would recommend the entrepreneurs to include in their business plan?

Answer 1

I find it very hard to believe no one has answered this question yet. I took a course on this years ago so I have an idea, but maybe not the specifics anymore, so if someone else chimes in that would be good.

!. What business you want to start?
2. Why? What is your interest and knowledge in this field? Have you worked in this area before? What is your expertise that they should trust you with accomplishing your goals?
3. Where? Is there a market for your product or service?
4. How much would it cost to get going? ie. rent, utilities, renovating, insurance, employees, office supplies, inventory, equipment. Anything and everything you can think of and the cost of it.
5. Projected income. How much do you think you can make? ie.If you sell this much product or service you will make this much profit minus expenses.

This is a rough list, so you need to check into it more specifically. If you are a do-it-your-selfer there are many how to books on this subject that will help you immensely.
Have fun!!