A business plan is a formal, written document which includes both a financial and market analysis of the business. These plans are frequently developed as part of the loan application or as a means of formally analyzing the business enterprise. Typical elements in a business plan include:
- Description of Product or Service
- Business History
- Market Analysis
- Competition Analysis
- Financial Information
- Strengths and Weaknesses
- Growth Potential
To find industry research:
It is helpful to know the SIC or NAICS code(s) for your industry.
Many library databases provide a feature to look up industry codes or find them in these government reference books and web sites:
SIC (Standard Industrial Classification) Older system of industry codes previously used by U.S. federal statistical agencies; still used as organizing scheme in many business research tools.