The business plan

The purpose of a business plan:

There are many purposes for creating a business plan. A business plan can help you prepare for life within a business. It also helps you prepare for what sort of things that can occur when setting up or moving on with your business.

If you are preparing to start your own business, you should first write a business plan. A good business plan acts as a dynamic blueprint for running and expanding your business.

A business plan is an effective means of defining your goals and the steps needed to reach them. It spells out your purpose, vision and means of operation. It explains your objectives to investors, partners, employees and. A good business plan clearly states the amount of capital you need to make the company work and where the investment is coming from. 

What goes into a business plan:

In the following diagram it shows everything you need to include when creating your business plan. If you follow this draft then your business plan will be effective and help you in your business.

For more information watch this brief video about business plans.