Have you had a ‘eureka’ moment for a business idea?
One of the first steps any budding entrepreneur should take when starting out is to write a great business plan.
Even if your business is already established, it’s important to revisit your business plan and update it every so often to ensure your business continues to grow and can react to any new opportunities or challenges it faces.
What is a business plan?
Put simply, a business plan is a written statement of your business’s future – more specifically, your goals and how you aim to achieve them. The process of drawing up your plan will give you a feel for the various elements that will determine your success, from cash flow, to sales forecasting to your personnel structure.
How do I write a business plan?
Take a look at these free guides and resources from around the web that can give you guidance on writing an effective business plan:
