Business Plan
A business plan is a way of demonstrating that you understand the opportunities for the business, you have worked out how it will generate income and make sales, and you are realistic about plans to run and develop it.
It’s NOT a test of your computer skills or creativity! So – beyond ensuring that it’s organised in a way that makes it easy for others to read and understand, and there are no spelling errors (what does it say about attention to detail if you haven’t used spellcheck!) – the content is much more important than the design.
If you search online for a business plan there are no shortages of templates and guides: the Business Gateway plan is a good startpoint. You may find there are small differences from template to template, but they should all cover the main aspects that banks, investors or business advisors expect to see. We’ve outlined them below.