How to Develop a Business Plan

This short module on business planning takes the participants through the key areas
essential to any business plan, and trains “how to” complete their own business plan.

At the start of the session, participants are given the business plan template and the training covers each section in sequence. With tips and guidelines notes and advice given on what should be contained under each heading, so that they can tailor it to their business and complete it after the session.

Worksheets and templates for financial projections including the profit and loss statement
and cash flow projections, will also be available, as well as links to a range of sector specific
Business Plans. There will also be links to assist in completing other planning essentials, including compliance, insurance and regulation.

The Key areas include:
The Business
License Requirements
Set up Requirements
Risk Analysis
Business Goals

The Products / Services
Features, Advantages and Benefits

The Market & Marketing Strategy
S.C.O.T. & P.E.S.T. Analysis
Market Analysis
Target market
Pricing

Sales Process & The Competition
Competitive Advantage
Competitive Factors
Routes to market

The Finances
Sourcing Finance
Financial Projections
Profit & Loss Accounts
Cashflow Projections