Business Plans 101: How to Write a Business Plan For Any Business
There are many reasons to write a business plan—it’s not solely the domain of entrepreneurs who want to secure funding to start or grow their business.
A business plan can help you clarify your strategy, identify potential roadblocks, decide what you’ll need in the way of resources, and evaluate the viability of your idea or your growth plans before you get started.
Whatever your reason for writing a business plan, the task will probably still feel like a homework assignment. When you’re starting a business, your to-do list is a mile long and filled with more immediately rewarding tasks, like taking product photos, creating ad campaigns, and opening social media accounts.
Not every business launches with a formal business plan, but many founders find value in taking time to step back, research their idea and the market they’re looking to enter, and understand the scope and the strategy behind their tactics.
That's where writing a business plan comes in.
Natwest bitesize guide – Business planning
Writing a business plan is one of the most important tasks when starting up a new business. An essential tool for attracting funding to get started.Visit Website
COBRA: complete business reference adviser
Access for UoP students & staff only. Campus use only or set up Web Proxy on your home computer.
COBRA provides fact sheets, reports and bulletins all searchable under headings such as: business opportunity profiles, sector guides, local area profiles and business events. It holds detailed start up guides for over 600 small business trades, sectors and professions, together with details of over 1,600 courses, qualifications and training providers for business start ups, business trades and professions. There are guides to over 300 small business management subjects and ‘how-to’ articles covering marketing, finance, HR/employment, administration, tax, and e-commerce. There is also access to a business legal library covering aspects such as consumer and trading law, and intellectual property.
Scroll through the long list of occupations to see what business or legal support you need.
COBRA provides everything our budding entrepreneur needs to set up a business. The database covers the whole of the United Kingdom and information is updated on a daily basis. Every faculty should find
Enterprise First business toolkit
Free downloadable business plan templates along with additional resources.Visit Website
The Princes Trust – business plans
A brief overview on writing a business plan followed by several business plan templates, financial tables and a downloadable business plan guide.Visit Website
The Startup Donut – business planning
Find out how to write a business plan, what to include and advice on updating your business plan.Visit Website
Gov.uk business plan templates
Free business startup business plan templates for you to download as well as business plan examples.Visit Website
#Myth: “My business plan is in my head – that’s good enough.”
A good place to start when writing your business plan is with the Business Model Canvas which is explained and can be downloaded Business Model Generation.
Depending on the type of your business will depend on what you need to include within your business plan. Here are some links to some basic business plan templates.
Why not register and come along to one of our RoutetoStartup programmes? These workshops will give you the tools to develop a robust and realistic business plan whilst networking with other like-minded individuals in a fun and supportive environment. Register here.