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Your Guide to Writing a Business Plan

Interest: Business Tools

Written by: Katie

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A business plan is a written document that gives an outline of your business. It should cover the objectives, strategies, sales, marketing, and financial forecasts.

 

Business plans help to:

  • Develop and refine your business idea.
  • Set out a strategy and action plan for several years.
  • Create objectives and goals, with plans on how to achieve them.
  • Identify any potential issues or gaps.
  • Measure progress over time.

 

Furthermore, if you are looking to secure finance from investors or a bank, a business plan will be required.

 

Find business plan information and templates at Princes Trust.

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