Business gateway business plan guide

An extended table of contents. Do you have support from friends and family? This section of your plan should give details on things like: staff your facilities — location, size and cost key equipment — its function and age your distribution network You should also include details if your business owns intellectual property on any processes or patents on any technologies.

How will you reach your customers? Once you have prepared your plan, use it. Show the level of profit you expect to make and the costs of providing goods and services and your overheads. Failing to do this could mean that you and others have unrealistic expectations of what can be achieved and when.

Once you have completed the business plan template we've created below, please contact your local office for further guidance into launching a business.

Business plan format

Sources of Finance 7. Often, it's the weak link in business plans so it's worth spending time on it to make sure it's realistic and achievable. Forbes A detailed guide by Dave Lavinsky on how to prepare your business plan. Grant providers, potential partners and anyone interested in buying your business will also likely want to see your business plan. British Library The British Library website has a number of articles about business planning in addition to running workshops and events where they say you can get help with your business plan. Startups Startups contains a lot of very relevant articles for those wanting to learn more about preparing business plans. Where do you want your business to be in the next five years? Template 1 min read Download your business plan template You're two and a half times more likely to get into business if you write a business plan, according to entrepreneur. Include details of customers who have shown an interest in your product or service and explain how you plan to go about attracting new customers. Identify your sales process methods, eg direct marketing, advertising, PR, email, e-sales, social marketing. Presenting your business plan To make sure your business plan has maximum impact, there are a number of points to consider. Many lenders and investors make judgments about your business based on this section of the plan alone.

While it's sensible to seek advice from external advisers, it's not a good idea to get them to write the plan for you. Ensure it's legible - make sure the type is ten point or above. For example, you could be managing a business on your own, or it could have an entire management team.

New businesses often forecast over-optimistic sales and most external readers will take this into account.

free business plan

How do they relate to the sales figures? Company details This section of your business plan should include details of your business's trading address.

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Business plan template