The section of a business plan, company is an important part of the plan. It describes the company, its management and the history of the company. Although this may be the smallest segment of your business plan, it's still important to invest some time into making it untreatable, and descriptive.
The company history, (also known as the background) should be about a page long, and should contain enough information about the past history, and current status of the company. If the company is a start up business, this section should contain where exactly you are at the time this pan is being written. For example, if the business already has the equipment needed to run, this should be mentioned. If it is need of working capital, this should be mentioned as well, in the business plan, company information section.
The main objective of this section of a business plane is allowing the interested parties some insight on the business. Information. Like who is behind the business, how the idea was conceived, when it was established, and how it could fit in the current market. Lenders are the most interested in this section. It gives them a feel on whey the business owners are feeling and some insight as well. Without this section of the business plan, company information, the lenders may not see the big picture, and could decline a loan because they lack the background. This is why it's important to invest some time in this section of the business plan. You should not leave out any trouble or problems the company has had. This should also be in this section of the business plan, company history. It important to document not only the success so far, but the issues that the company as faced, to date.
If the business happens to be new, or a start up business, it's important to include the following: The educational background of each player Their employment history ( experience), any previous business experience, all technical skills, such as office or computer, and all expertise should be include in the business plan, company history section