II. Instructions: Company Description & Market Research
This section explains the basic elements of your business. Include each of the below:
1. Company’s MANTRA
a. Why your meaning should exist
b. Why you should exist
c. Examples: “Healthy Fast Food”, “Always Low Price”
2. Target market
You will cover this in-depth in the Marketing Plan section. Here, briefly explain who your target
customers are.
3. Industry: SECONDARY MARKET RESEARCH SECTION STARTS HERE:
Describe your industry and what makes your business competitive Or ANY INFORMATION RELEVANT
TO YOUR BUSINESS IDEA/PLAN/INDUSTRY.
Include your Secondary Research (at least 20 pages) under this heading:
Secondary market research is information from sources such as trade organizations and journals, magazines and
newspapers, Census data and demographic profiles. You can find this information online, at libraries, from
chambers of commerce, from vendors who sell to your industry or from government agencies.
This section of your plan can explain ANYTHING related to your business plan/industry:
• For example:
o The total size of your industry