business plan overview
All businesses need a business plan; whether this is an internal document or for use outside of the organisation (for example to secure funding). It should be a living document used as a reference as your business progresses and updated when necessary - it’s a common mistake to write a plan at the outset of your project and never show it the light of day again.
The business plan should contain several sections; these may include but are not limited to:
- Executive Summary
- Vision Mission and Values
- History and Current Status
- Organisational structure
- Products and Services
- Market analysis
- Competitor analysis
- Business Strategy
- Marketing Strategy
- Financial Analysis
- Risk Analysis
- Conclusion
On the following pages we have highlighted some of the essential sections and provided extracts of Budding Entrepreneur’s business plan. This is necessarily an extract and does not include sensitive financial or trading information.