1.Business identity
Your business name, a one-sentence description of what you do and where, and a short mission: the reason the business exists beyond making money. Everyone who reads the plan starts here, so it has to make sense to a stranger in ten seconds. If you are writing the plan for yourself, this box is still worth the effort, because the sentence you write here ends up on your website, your social bios and your elevator pitch.
Where branding fits: name + mission
This is where your brand starts. The name is the first brand asset you own, and the one-sentence description is the seed of your positioning. Before the name goes into the plan, check that the .com (or a close variant), the social handles and the obvious trademark classes are free. A plan built around a name you later have to drop means reprinting everything that carries it.
Questions to answer
- What is the business called, and is the name available as a domain and social handle?
- What do you sell, to whom, and where, in one sentence?
- Why does this business exist, apart from making money?
Porchlight Coffee example
Porchlight Coffee: a walk-in neighborhood coffee shop on [your street] serving espresso, batch brew and local pastries from 6:30 a.m. Mission: be the easiest good morning in the neighborhood.
Common mistake
Writing a mission so broad it could belong to any business ("to deliver quality and value"). If a competitor could paste your mission into their plan unchanged, it is not doing any work.
Helpful next: Coffee shop name ideas · Business name generator · Name availability checker