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.

The Business Plan

Why Do I Need A Business Plan?

A business plan has many functions;

  • It assesses 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
  • It is a checklist

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