A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.
A business plan helps you to:
- identify that you have a viable business
- clarify your business idea
- spot potential problems
- set out your goals
- measure your progress
- can be used for levering funding
You’ll need a business plan if you want to secure investment or a loan from a bank. Read about the finance options available for businesses on the Business Finance Guide website.
It can also help to convince customers, suppliers and potential employees to support you.
Freetime Webgroup can assist you with your planning and cash flow forecasting. Call today to see how we can help.