Your plan is an essential document to ensure your ideas are feasible and is critical for bank New suppliers and larger customers may require this document and it's also useful to track progress against your original targets.
We have three templates you can use to do your business plan kindly offered by SCORE and Bank of Scotland.
You may also want to contact your Bank who may well have information, examples and templates of business plans.
My advice would be to have a look at the examples that are mentioned here and also, keep an eye out over the next couple of weeks for the series of in depth guides in PDF format from Small uk that will soon be available to buy here.
You also need detailed information about your competitors and why you'll be able to take market share from them.
And finally you need information about your promotional activities to reach out and entice your potential customers to purchase your products and services.
A basic business plan outlines the answers to questions about your intentions such as: Here's the basic structure in summary from the downloads above: It's best to write this last after you've prepared the rest of your plan because this is simply a summary of the whole plan.
It should ideally be one page, but two pages are equally acceptable.
This area covers your mission statement, company goals and objectives, business philosophy, the industry you're in and legal ownership and key employees.
Describe your key products and services, pricing and margins.