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A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals.

Starting a woodworking business can be a highly profitable enterprise with a lot of flexibility however it is important that you plan it carefully. Having a woodworking business plan will allow you to borrow funds from investors or the bank in order to get you started. In this guide you will learn what you need to have in your woodworking business plan.

A brief account of how the company began- You should mention in your business plan the history behind the formation of you company and the background of the founders and directors.

Industry overview-This section will include description about which industry you are targeting, its growth and size, competitive analysis, business strategy and key players.

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