The 10 Sections Your Internet Business Plan Should Cover

If you are planning to create an online business, you need to begin to build your internet business plan, which is made up of 10 sections that should be included in your plan. Lets have a look at those 10 sections.

1. Executive Summary  This is a required section and its goal is to clearly communicate your business plan basics. Keep in mind the reader may not be aware of the potential of an internet business so make sure you provide enough detail.
2. Business Description  This is also required. Talk about your companys products/services along with history of the industry. Explain the internet environment and how what you have fits into it. Make sure you use words the reader will understand rather than industry terminology or lingo.
3. Marketing Plan  This is required and will discuss your targeted market, describe your advertising products, identify your customer and identify the competition, explain your pricing structure, etc.
4. Research & Development  This is required and gets into the technical components of your project. What R&D is required to complete it and the forecast for the project cost to get it off the ground.
5. Operations & Manufacturing  This is not required but is recommended. You should talk about the major aspects of the business you are planning to start including your daily operations, what equipment you will need if any, whether youll have your own web server or contract from a company. How many employees, how specialized they have to be, etc. 
6. Management  This is not required but it is recommended. This should address who is running the company, what their expertise is, how many people on the management team and what they do. 
7. Risks  This is required. Here you need to define the major and minor risks your business faces. In addition to regular risks such as a downturn in the industry, cost overruns, new competitors that werent expected, there are other types of risks online such as hackers, computer viruses, new policies, etc. 
8. Financial  This is required. Investors are going to be paying close attention to whats in this area. This is a summary of the money you hope to have invested and the forecast of your profitability. Remember to highlight operating a business online has the lowest operating costs!
9. Timeline  This is required. Here youll lay out all of the steps to go from an idea to a reality.
10. Bibliography and/or Appendices  This is not required. Include business references, internet references, proposal studies, etc.


