Business Plan

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

Helpful Hints

Checklist for Business Plan

You will need to know:

- Name of business

- Business Structure

- Business Vision

- Short and long term goals

- Details on products/services

- Business asset information

- Market Analysis/Strategy Information

- Financial Information

Steps to take after completing the agreement

- Check that the information is correct

- Use the document to guide your decisions or share your business with investors and other parties

- Refer to it along the way and make changes as needed.

- Keep a record in a safe and accessible place.