Professional Documents
Culture Documents
What Is A Business Description?
What Is A Business Description?
5. Why?
Why would potential customers want to buy from you?
Explain why you are set apart from the competition. This is
where you can describe your business’s originality.
Lenders want to know why consumers would want to
make a purchase at your small business instead of a
competitor’s.
You also need to include your business’s mission
statement. A mission statement helps set you apart from
competition and explain why your business is unique.
6. How?
What type of business structure will you form? Will you
function as a sole proprietorship, limited liability
corporation, partnership, or corporation? Explain why you
chose your business structure. Mention the small business
advisor help you have enlisted, like a business attorney,
since each structure has different registration
requirements, regulations, and liabilities.
Do you know how to interview and hire employees?