Writing a Business Plan
Writing a Business Plan
Writing a Business Plan is essential but it is not as difficult as it may sound - it is simply a way of putting your ideas on paper. A business plan will help you in creating a forward strategy for your business and is usually required by Banks or other lenders when you apply for a business loan or overdraft facility.
Areas that are usually covered:-
- Description of the business - brief overview of purpose of business and location.
- Evidence of demand for product/service - size and location of market, buying patterns, type of research carried out.
- Sales and Marketing - how you will promote your product/service, sales targets you've set, competition and how you will overcome it.
- Product/Service you are offering - description and its advantages (and disadvantages).
- Management - CVs, training needed, what are these people bringing into business?
- Financial forecasts - cash flow forecast, profit and loss, initial financial outlay
Your plan should contain the essential information required - not waffle. Try and tailor it to the needs of whoever is going to be looking at it. And remember, with financial predictions - best to be prudent - don't be over-optimistic!
Assistance on creating your Business Plan is available from the Tameside Business Family 
Further information and guidance on writing business plans is available from Business Link.
You can also obtain examples of business plans from:
- Local libraries
- Business services of Banks
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 Tameside Business Support Team Tameside MBC Council Offices Wellington Road Ashton under Lyne Lancs OL6 6DL View local map 
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 0161 342 2058
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 0161 342 2790
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