How To Write A Business Plan

Even if  you are a sole trader who works alone and provides a simple but effective service or a one-person Consultancy you will need a basic but effective Business Plan to chart your path and to ensure that you have systems in place that assist you with growing your business.

The Template below should help in that process;

  1. Cover Sheet
  2. Statement of purpose – what your business is all about
  3. Table of contents
  4. The Business
  • Description of the business
  • Marketing plan
  • Competition analysis
  • Operating procedures
  • Personnel
  • Business Insurance
  • Financial data (Loans, Capital equipment, Balance Sheet, Breakeven Analysis)
  • Income projections for the next three years (by month for year one, by quarters for years two and three)
  • Cash flow projections for three years
  1. Supporting documents
  • Tax returns
  • Personal financial statement (available from Banks)
  • If a Franchise a copy of that Franchise agreement
  • Copy of any Leases or Purchase Agreements
  • Copy of Licences and any other legal documentation
  • Details of owners of the business (CV and other details)
  • Copies of letters of intent from suppliers

Whilst some of the above might seem very detailed and possibly unnecessary it is still well worth the effort and time to gather this together as it will give you an immediate insight into how the business is working and will allow you to immediately locate key pieces of detail should they be needed at short-notice.

Good Luck!

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