Need to revisit your business plan? We can help guide you through the threats and opportunities that lie ahead, with sound financial management at the core of your plan. #businessadvice
To make a success of your business, you’re going to need a robust business plan - particularly as we face challenging times.
With a one-page business plan behind you, the company has a real sense of strategic direction and a set of core goals to refer to and track against.
But what are the key elements to include in your one-pager business plan? We’ve listed some of the foundational areas to cover, so there’s real purpose behind your return to trading.
What to include in your business plan
Lots of online resources will suggest that a business plan is an easy document to create, but a good plan will take time and plenty of thinking to get right.
As business advisers, we’ll help you put together a plan that gives you a clear strategy for the next six months and beyond, with measurable goals to include in your plan. The resulting document will help give you clarity on your direction, and where to invest time and money.
A business plan will also be an essential document if you are looking for investors or external funding. Any loan providers or private investors will want to assess the risk in your business, your cashflow position and the underlying profitability of the enterprise – so bear this all in mind when outlining the financial details of your plan.
If you haven't written a plan before, a template is useful. Start with the following headings:
Whatever your situation, the next few months are likely to be a rocky road.
We’ll help you create a tailored business plan, to guide you through the threats and opportunities that lie ahead, with solid financial management for the next stage in your growth.
Content originally published by BOMA. We have updated some of this article for our readers