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A business plan provides an essential map to get you to your business destination. This guide outlines the benefits of having a business plan, the key elements, and how you can prepare a simple but effective plan that will function as an 'action template' for your business. Can you prepare a plan yourself?
This guide aims to show how everyone can prepare an effective business plan. The secret is to keep the plan short and simple - some people use bullet points to compress everything into just a few A4 pages. Long, complex business plans too often end up gathering dust on a shelf. Aim instead for a short, practical plan that you can implement, because the only thing worse than acting without any plan is planning without then taking action.
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