The Business Plan

What is a Business Plan

A business plan is a document that outlines your business idea, your objectives and how you plan to achieve them. It will serve as a guide during the lifetime of your business. You need to get your ideas and thoughts in relation to your new business on paper.

Who Do I Need A Business Plan

A business plan has many functions;

  • It assess an idea and its viability
  • It is a communication tool for use with clients, advisers, banks, funds
  • It is a planning tool for the future
  • It provides a step by step approach towards reaching a decision
  • It is a working manual for you the entrepreneur as you expand your business.
  • It is a checklist

One of the most important things you will do is develop your business plan.

Go to our resources section for business plan templates and guidance

 

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