What is a business plan?

Quite simply, a plan for your business, a guide/detailed plan for how you’re going to reach your goals.

How do you write one?

A business plan should be short and concise, with an executive summary outlining what the document includes. It’s a plan that showcases your weaknesses, detailed your idea, potential and measures your progress.

What should you include:

• What your business does

• Who are the people working in the business

• Who are your competitors

• What are the weaknesses of the business

• What is your anticipated plan for up to 3 years

• What are your anticipated costs for up to 3 years

• What are the threats to the business

• Does your business need finances and if so, how much

• Write an executive summary that will summarise the aforementioned