Business Plan

[united]

Thats a great detailed guide united. I dont disagree with anything in it, but.

A sole trader and even a partnership business will probably not need all the detail - although it is a good idea to get up to that standard once the business is established. I always think that anyone not trained in business studies may be intimidated by having to produce such a detailed plan and needs to start with the essentials - i.e:

1. Purpose (which counts as a vision and overall key objective),
2. Objectives (which need to establish and stabilise the business in the early years).
3. A forward strategy (where we want to be in 3/5/10 years is always a good idea).
4 A few good contingency plans (what ifs).

I have qualified as an assessor under EFQM (the European Foundation for Quality Management) which sets out considerable detail on what is necessary to run a good business. And boy is that a deep analysis. However it does recognise that such a business is something to work towards, and a simple business plan is essential in the early days of the business to allow some clear direction without a fledgling business becoming bogged down in detail.

To sum up - your plan is something for small businesses to build up to - they dont need that much detail in the early days.

I agree with what you have said. Good advice

 

[Daz]

Great advice above (and I actually read some of it :lol🙂.

First question is why do you need a business plan?....for yourself or a potential investor.

I estimated my startup costs (i.e. initial tools, advertising, van etc.), then decided how much I wanted to earn per month. That enabled me to work out quite quickly whether I would make a profit in year one. From there on it was a matter of focusing on getting enough work in so that I could pay my mortgage and feed my family.

Check out your local competition, identify your local market and decide (realistically) whether you can make your business a success.

 

[Scott]

Welcome Trevmoff, they guys have given some really good advice there i reckon

Good luck with it all, i dont need to add anything as they have done it all already. Now if you get stuck with anything else you know where to come!

 

[4ardafon]

I need bplan sample,too