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.

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.