If your business isn’t going to make any money, it won’t be successful so you need to be very clear on how you will make a profit. The other essential part of a business plan is the finance section. Make sure your plan is clear about your target market – who will you be selling to and how many other companies are already selling similar products? Know your finances Know your marketĪ big part of knowing whether your business will be successful is understanding your audience. The details will help you drill down into how you will actually deliver your plan. Be specificīeing specific is just as important as being concise.
Make sure you include a summary of your business, and how it will make money right from the start, and use simple language throughout. It’s really important that potential investors can understand what your business is all about from a quick glance at your plan. Business plan financial tables (Excel) (xls, 52kb)Īpply for our Enterprise programme today.Business plan template (PDF) (pdf, 3mb).Business plan template (Word) (doc, 393kb).But, there's no reason why you can't start crafting your business plan today.
We can help you answer this during our Enterprise programme, which provides you with the skills, tools and confidence you need to become your own boss. A business plan gives an outline of your business, the market in which it will operate and how it aims to make money - and should answer this question: why will your business succeed when so many others fail?
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