The other benefits of having a business plan include setting out long and short-term goals, measuring your progress against the goals, clarifying a business idea or proposal and highlighting potential problems before they happen.
It should ideally be one page, but two pages are equally acceptable.
This area covers your mission statement, company goals and objectives, business philosophy, the industry you're in and legal ownership and key employees.
You can simply click each of the template links below to open now, or right click your mouse to save for later use.
A basic business plan outlines the answers to questions about your intentions such as: Here's the basic structure in summary from the downloads above: It's best to write this last after you've prepared the rest of your plan because this is simply a summary of the whole plan.
People are behind all successful businesses, so it's important to include the key people and advisors.
If you're starting a new business then you should detail the costs you'll incur while starting up before the day to day operations commence.
You should include a profit and loss account, a cash flow forecast and Balance Sheet and even a break-even analysis.
A business plan is a written document that includes a brief description of your business.
We have three templates you can use to do your business plan kindly offered by SCORE and Bank of Scotland.
There are two for preparing the narrative of your plan (One for a startup business and the other for an existing business) and a cash flow template.