Business planning basics

by | Jun 2, 2015

Having a solid plan in place for your business is essential, not just in its infancy but throughout its life. Plans not only help you fine-tune your vision but also make your business’s flaws more visible, enabling you to develop your strategy and increase your resilience against potential risks.

A successful business plan must have the following components:

an overview of your company, your mission statement and the business’s unique features

an analysis of the market, your competitors and your client base

a detailed description of your company and the goods/services it offers

your business strategy including a SWOT analysis, growth plans and a marketing strategy

financial details including a balance sheet, revenue projections and a cashflow statement

an outline of the steps you will take to turn your business plan into a reality. 

 Contact us today to discuss your business planning.

 

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