Business Plans

A business plan sets out key objectives, priorities and strategies for your business and is required to raise finance for your enterprise. Find out more about business planning, the key features for a successful plan and how to continue the momentum once the business plan has been written.

All aspects of your business plan are essential in their own right, but it’s important to make sure the financial elements are accurate and in order.

Some entrepreneurs make the mistake of believing that because they are determined to succeed, they will be able to fund business growth by reinvesting the business’ profits. However this rarely works, suppliers need to be paid prior to the customer getting their hands on the goods, meaning you will need some kind of initial investment or loan to cover supply costs.

From the start, you’ll need to think about your approach to running your business and what support you might need to make it happen.