Business plan template
If you’re thinking about starting your own business, getting your business plan right is essential.
Why will your business succeed when so many others fail? You’re planning your business. A business plan gives an outline of your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan also helps you to:
- clarify your business idea
- spot potential problems
- set out your goals
- measure your progress
Take note: You’ll need a business plan if you want to secure investment or a loan from a bank or loan provider.
We can help you make your business fit and meet all of this criteria with help from our experienced advisors, who will help you develop your skills and provide you with the tools and confidence you need to become your own boss. But, there’s no reason why you can’t start planning right now.
Download our template to help you get started.
Want to see some examples of a business plan? Check out www.bplans.co.uk for some helpful examples.
Some helpful tips for writing a business plan
Be concise and specific
It’s essential that banks/loan providers/investors can understand what your business is all about from a quick flick through your plan. Make sure you don’t miss out any sections in your plan, every section will show how it will make money right from the start. The specific details you have put in your plan will show how you will deliver your plan.
Know your finances and market
Put simply, your business won’t succeed if it doesn’t make money. So in your business plan, you need to be specific on you will make a profit – your plan will be incredibly useful when it comes to securing loans and investment, but that’s not its only use. It’s also a personal tool to help you understand your objectives. A big part of knowing whether your business will be successful is understanding your target market. Make sure your plan is clear about your target market and how you sell your business to them.