Products & Services Section in a Business Plan (+ Examples)
In this blog post, we’ll guide you through writing the products and services section of your business plan. We’ll cover how to describe what you’re selling and why it’s important in your business plan.
Whether you’re launching a new startup or creating a business plan for an existing business, this section is crucial for showing the value you bring to customers. Let’s get started!
Why do we include them in a business plan?
The products and services section of a business plan is more than just a list of what a company sells; it’s a vital narrative that tells the story of the business’s core offerings and their significance to the market.
This section is paramount for readers (especially potential investors) to grasp the essence of what the business is about, the unique problems it solves, or the specific needs it addresses.
A meticulously crafted products and services segment does much more than describe offerings. Indeed, it lays the groundwork for comprehensive marketing strategies, informs operational planning, and financial projections.
Moreover, understanding the business’s offerings in depth enables stakeholders to envision the company’s value proposition and competitive edge.
Where should you include them?
In a business plan, the Products and Services section is typically included within the business overview section.
This allows you to first introduce the business model and what it offers to customers. Only after this you can provide more details of the products and services.
The Products and Services section should clearly detail what you are selling, highlight the unique value proposition. It should also ideally explain how it meets the needs of your target market if it isn’t obvious. T
What to include: 2 Examples
Begin with a clear, engaging description of each product or service you offer. For services, describe the process, customer experience, and outcome. For products, discuss the materials, technology, and any unique features.
Services example: a Cryotherapy business plan
Products example: a Brewery business plan
