What is a Business Plan? The document includes a Personal Survival Budget template and a Cash Flow Forecast template, which are also required for your application:. Download Template. Download Guide PDF opens in a new tab.
Why is a Business Plan important? Here are just seven: A Business Plan: Provides a structured way of organising your thoughts and clarifying your idea. Helps you set out your goals and spot any potential problems in achieving these goals. Gives you a clear strategy to follow when things get busy. Allows you to measure your progress as you go along. Ensures all of your team are working towards the same vision. Helps you plan for the future. Key sections of a Business Plan: A Business Plan can include whatever information you feel is required to best convey how you are planning to make your business sustainable and, when it comes to applying for a Start Up Loan, the following are the core sections we require.
Demonstrate that you understand your market and customer. Any market research you can do, like a simple online survey, looking up industry reports or interviews with potential customers will help. Use evidence and examples to back up any statements you make.
Make sure everything ties together by linking every strategy to your core objectives. Explain your marketing activities including market research, market trends and size, external market economics, barriers to entry. Provide detailed information about your competitors and why your target market will choose your company instead of them.
Information about your promotional activities to reach out and entice your potential customers to purchase your products and services. How you're going to produce your products and any distribution issues to get products to your customers and your key suppliers. Your financial plans should contain enough detail i. Include a profit and loss account, a cash flow forecast and Balance Sheet and a break-even analysis. Investor Pitch Deck.
Business Interruption Action Plan. Why You Need A Professional Template It's not easy to build a successful business, you need the right advice and tools to make it happen. What You'll Get. Business Plan Template The same business plan template and starting point we use with our clients. Financial Model The financial projections spreadsheet we use for our clients. Investor Pitch Deck The same template we use to create investor pitch decks for our clients.
Growth Tools We have compiled a list of all the tools you need to start your business and grow it. Business Plan Canvas Business Model Canvas is a strategic management and lean startup template for developing new or documenting existing business models. Executive Summary It's best to write this last after you've prepared the rest of your plan because this is simply a summary of the whole plan.
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