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:-

  1. Description of the business - brief overview of purpose of business and location.
  2. Evidence of demand for product/service - size and location of market, buying patterns, type of research carried out.
  3. Sales and Marketing - how you will promote your product/service, sales targets you've set, competition and how you will overcome it.
  4. Product/Service you are offering - description and its advantages (and disadvantages).
  5. Management - CVs, training needed, what are these people bringing into business?
  6. 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!

Tameside Business Family welcome to business

Assistance on creating your Business Plan is available from the http://www.liveworkinvest.com/ Link to External Website

Further information and guidance on writing business plans is available from Business LinkLink to External Website 

You can also obtain examples of business plans from:

Contact Information
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Tameside Business Support Team
Clarence Arcade
Stamford Street
OL6 7PT<br ></cke:param>