Business Planning

Business Planning is a necessary process to undertake before, during and after you start. Writing the plan down helps to clarify your thinking and identifies where you intend to get to and how you intend to get there. You will also be able to review your progress against your forecast and make any necessary adjustments to get you back on track.

A business plan is a living document that will help you monitor your performance and stay on track and will therefore need updating and changing as your business grows. Having a clearly presented document will also make it easier for any specialist you may use to provide support. In the case of raising funds from a bank or investor a business plan will be a necessary requirement.

https://www.youtube.com/watch?v=6O5YnLu6KxI

Write a business plan

Download free business plan templates and find help and advice on how to write your business plan.

Business plan templates

Download a free business plan template from the Prince’s Trust.
Download a free business plan template from HSBC.
Download a free business plan template with guidence from Start up Loans company.

Business plan examples

Download free example business plans on the Bplans website for a variety of different business models.

How to write a business plan

Get detailed information about how to write a business plan on the Start Up Donut website.
Find out more about business planning, the key features for a successful plan and how to continue the momentum once the business plan has been written with this ICAEW Business Plan Guide.
You can also find details about writing a business plan on the Finimpact website. which shows important points and smart tips.

Why you need a business plan

A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.

A business plan helps you to:

clarify your business idea
spot potential problems
set out your goals
measure your progress

You’ll need a business plan if you want to secure investment or a loan from a bank.

It can also help to convince customers, suppliers and potential employees to support you.

Accounting Terms
Best Accounting Software have a a simple guide to accounting terms which is useful for anyone delving into business planning or financial statements.
https://bestaccountingsoftware.com/accounting-terms/

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