Effective documentation should include the following elements:
1. Market Research: Details about the target market, customer needs, and competitive landscape. 2. Business Model: A clear description of how the business intends to make money. 3. Financial Projections: Estimates of revenue, expenses, and profitability. 4. Operational Plan: How the business will operate on a day-to-day basis. 5. SWOT Analysis: An evaluation of the business's strengths, weaknesses, opportunities, and threats. 6. Customer Feedback: Insights gathered from customer interactions and surveys.