To start your business plan: Write a single line or short paragraph about each factor below. Then consider the plan in the context of its purpose and intended uses.
Aims & Objectives of the business- what are they? This may change over time
Your income needs, take into account that new businesses take time to start generating profits
Assessment of finance to get started. Search for grants or funding. Find independent advice on finance
Business Premises- what do you need , is location important, what will it cost?
Marketing- how where and when will you market your product or services?
Competition- who and where is your competition?
Your customers - who are they, do you understand your target market and customer profile?
Advertising & promotion- how where, when, and what will it cost? Find out about online advertising.
Personnel- who will do what, do you need additional training, knowledge, resources?
Insurance, Legal, & Contingency plans- what insurance do you need, licenses, etc?
Pricing & Terms of trade
Sales forecasts - how much do you think you can sell of each product or service, and when?
Profitability forecasts - is the forecast return on your investment worth the risk?
Cash Flow- when will money come in and be paid out?
Once you have started your plan , each section can be expanded , and gaps filled in with research or by speaking to people. Visit the resources page for details of where to find more business advice.