Bussiness Plan UK

A bussiness plan is an essential document all new entrepreneurs should be creating when looking for a bank loan or venture capital.

All start-up businesses should prepare a narrative and budget forecasts to summarise their overall strategy, business objectives, market trends and research and marketing plan.

So how do you go about writing a bussiness plan ?

Using sample bussiness plans

You can use a sample bussiness plan offered by some of the companies on the internet. These are recommended as you can start from a ready made plan and simply slot in your own data.

Alternatively you can use business plan software either from a business planning company or from your own bank. Try the following uk business planning websites:

• Teneric Business Planning Software
• Business Plan Express Sample Plans
• Bplans from Palo Alto

Business plan format and layout

Every business plan follows the same format and structure no matter what business you are thinking of developing and will contain the following elements:

• Executive summary - summarising your objectives, products and budgets
• External Analysis - economic trends, market research and trends
• Internal Analysis - about your own capabilities
• SWOT Analysis - strengths, weaknesses, opporuntities and threats
• Objectives, strategies and tactical plans
• Marketing plan - including communications and pricing
• Management and staffing plan
• Financial forecasts - including and Profit and Loss Account, Balance Sheet and cash flow forecast

You should be able to complete this yourself. Alternatively you can use an accountant, business plan consultant or business advisor in order to prepare for your business loan application.