Clarity on these issues is essential for securing finance or investment. Research your markets and competitors Demonstrate that you're fully aware of the marketplace that you're planning to operate in. You should prove that your business will be able to attract customers despite potential competition. Provide realistic financial forecasts Show financial projections that support what you have said about your business. The first 12 months' forecasts should have the most detail. Plan your executive summary The executive summary outlines the key points of your entire business plan.It is usually the first section that people will read.Download a free business plan template on The Prince’s Trust website.
A business plan is a written document that outlines your business objectives and how you plan to achieve them.
It has many functions, from securing external funding to measuring success within your business.
It can also help to convince customers, suppliers and potential employees to support you.
This sample business plan template contains detailed step-by-step instructions on how to create a complete business plan.
A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.
Read about the finance options available for businesses on the Business Finance Guide website.
Include highlights from each section of the document.
It is a good idea to write the executive summary last - make it engaging and avoid jargon. Present in a professional format A well-presented plan will reinforce the positive impression you want to create of your business.
We understand that writing a business plan can be a daunting experience.
You have a great idea, loads of experience in the industry, but you’ve never had to produce a document like this before…Don’t worry!