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How do you plan a business plan?

Updated: 9/18/2023
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12y ago

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You should write your business plan with a strong aim in mind - are you trying to get funding? do you need to get investors on board or is it just a plan for your to follow to keep your business start up on track. Once you know the aim you can write the plan with a focus on what your audience needs to know.

So if you were writing the plan to get funding you would want to emphasise how the business would be financially viable and have the ability to pay off any funding in the future.

If you were writing it for yourself you would want to include step by step plans on how you are going to set up the business and grow it into a stable income.

A basic business plan should include the following sections;

Executive Summary

Mission Statement

Market Research

SWOT Analysis

Your product/service

Your Suppliers

Your Staff

Your Premises

Marketing Plan

Legal Aspects

Financial Section

Start Up Costs

Sales Forecast

Cash Flow Forecast

Profit & Loss Statement

Balance Sheet

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