A business plan is an important tool for understanding how each element of your business will work together to make it a success. You can use it to monitor progress, hold yourself accountable and control the businesses’ financials. Additionally, it’s a great sales and recruiting tool for courting key employees and future investors. These days venture capital firms, banks and Investors insist that you have a business plan in place before they invest.

Use this Business Plan if:

• You’re starting a business and want a blueprint for success, in line with your goals and vision;
• You need an organised way to share your business objectives with investors, lenders or other third parties;
• You already have a business and need to pause, reflect and re-align your goals.

What does the Business Plan cover?

• Business Overview
• Products / Services
• Structures and resources
• Business management and operations
• Market analysis and strategy
• Financial analysis

Other names for Business Plan include:

• Business Proposal