Regardless of what your new business will do this document will probably be the most important task you complete in setting up the whole enterprise. The business plan is essential if you need any sort of funding from banks or investors while it will also provide a roadmap for planning your future and setting targets.
What is a business plan?
People often get hung up on details or become frightened off by the thought of writing a business plan but the whole process should be designed to help you start the business. In the simplest terms the plan should:
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explain your idea;
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describe the market for it;
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define your goals;
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depict how you will achieve your goals.
The business plan does not have to be a huge, complex and formal document – in fact it should be quite the opposite, so that you and everybody else involved, can understand it.
What to include in a Business Plan
A Business Plan should include:
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A summary of your idea;
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A description of your aims;
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A list of your potential customers and competitors;
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The product or service you will provide;
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Marketing ideas;
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Any research you have carried out;
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How much money the enterprise will need.
How can we help?
Our dedicated team can help:
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you develop a simple, clear Business Plan that explains your ideas and business aspirations in a professional and concise format;
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you with initial research and arrange a feasibility study to fully test your idea.
We’ll then provide Enterprise Coaching and ongoing support for putting your plan into action and trading successfully.