When you will need a business plan
You may need a business plan for different reasons, from looking for external investment, getting a loan or to help with your own budget and goal setting. You may be asked for one by the bank before advancing a business loan.
What should it include?
Although you may understand your business idea and can see clearly where your plans will take you, other people will not.
You business plan should be adapted to suite your business, but in general, it should include the following sections:
It is important to get your business plan right. It will help external parties understand your business and more importantly, it may help you understand your business better and have a clearer plan.
About the author
Kabir Ali CTA ATT is the founding Director at KBR Accountancy.