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  • Starting a business? Then you'll need a plan - a road map,

  • taking you on the straightest, fastest route to where you want to go.

  • Your business plan will include 6 sections and will help you think through your business idea,

  • making sure you've covered all the angles and eventualities, before you set off.

  • The first section is the executive summary.

  • Presenting an overview of your business, this section is vital as many investors make judgements about your business based on it alone!

  • A great tip is to leave this section until last to write.

  • Once you have written the others, you'll find it easier to do,

  • as it will be a summary of the key points you make in the other sections.

  • So start with your business details.

  • provide a short description of who you are, what you plan to sell, why and to whom.

  • Include the location of your business, identify key employees

  • and any other qualities that make your business stand out.

  • Now, enter your marketing and sales strategy.

  • show that you've done your homework, that you understand your target market.

  • Outline why you think people will buy what you want to sell

  • and detail how you plan to sell to them.

  • Then add in your management team and personnel.

  • people reading your plan need to believe and have trust in the management of your business,

  • so outline your credentials and the people you plan to recruit.

  • Then detail your setup.

  • explaining what facilities the business will have,

  • from your premises to your management information systems and IT.

  • And explain how it will deliver the product or service to the customer.

  • Lastly, list your financial plan and projections.

  • this part translates everything you've said in the previous sections into numbers.

  • It will tell you whether the business will be worthwhile

  • or whether you're wasting your time and/or money.

  • Your business plan will change as your business grows.

  • It'll help keep you focused, so you'll know where you are

  • and where you're supposed to be, so that you can correct your course as needed.

  • Here are our 5 top tips:

  • Keep it brief: If it takes too long to write, it'll take too long to read!

  • Get rid of the : Cut the waffle and just get to the point!

  • Be realistic: Be honest and note all the challenges facing your business.

  • Use visuals: Graphs, charts, and images can help bring your idea to life, and;

  • Be creative: So that your business stands out and grabs attention.

  • And for a bit of extra help, download a business plan template from the Business Wales website.

  • So there you have it, plan your route to make sure you reach your destination!

Starting a business? Then you'll need a plan - a road map,

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A2 UK plan business plan management outline section summary

How to write a Business Plan

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    Jason Tsao posted on 2016/03/15
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