Start Your Business Week by Week, 2nd Edition

Your business plan

Now, you may not have realised it, but last week – when you wrote that page about your business opportunity, and in Week Five when you wrote about the founders – you wrote the first two sections of your business plan. See, that wasn’t so frightening was it?

This plan will be the route map for you in the early days and the thought you put into it now will pay off ten times over. Don’t be tempted to ask someone else to do it – you have to be behind every word and every number in this plan. Bank managers are never impressed by business plans that an entrepreneur hands over which have clearly been written by their accountant, however glossy it is. They would far rather have a more basically presented plan that is truly your work. ...