Business plan
A business plan is a document that sets out the aims and objectives of a business and how it plans to achieve them.
A business plan can be used to work out whether your business is going to be profitable. It can also be used to attract investors or to secure a loan from the bank.
The main information that should be included in a business plan is:
- the business concept
- how the business will be funded
- marketing strategies
- competition
- employees or skills required
- background information on the entrepreneur