By following our modules on Researching your Market, Marketing, The Legal Bit and last week's Costing and Pricing, you are now ready to piece all of this information together in a business plan.
Mapping out your start-up route
A business plan is a document that will not only help you to evaluate your business idea, but it will also provide you with focus and direction. It should set out what you want to achieve and how you intend to achieve it.
Making a request for funding
If you have identified that you will need to borrow money to start your business, then a detailed business plan will be required and will play a vital role in making a successful application for finance. A lender or investor will want to see that you can pay back any loans or provide them with a return on their investment.
Do's and Dont's
Do think about the audience for your business plan and write it accordingly.
Don’t forget to update your business plan regularly. Business planning is not just for start-up businesses.
Want expert feedback on your business plan?
We would love to hear from you and review your business plan.
Come and live chat to us here where you will able to send us your draft business plan and we can provide you with professional, instant feedback to help you on your way.
What does success look like for you?
Take our short questionnaire by clicking here.
Tools to help you:
How to write a business plan guide
Business plan template
Need further help and advice?
We hope you have enjoyed following our #MiFlyingStart programme.
If you missed any of our modules and want to catch up, don't worry - a re-cap of all our modules 1 - 6 can be found on the news section of our website.
What's more is we have set up a flying start - business group forum where you can access ALL of the content provided in this programme, chat with others that are starting up a business and also share your knowledge and opinions too!
Remember our experienced business advisors are online and ready to answer any business questions that you have.
Simply click on the 'Livechat with a Mentor' tab at the bottom of this page to get chatting to an advisor.