Why do I need a business plan?
Your business plan delivers the goals to work towards, helps you identify potential pitfalls, gives insight into your competitors and highlights possible opportunities.
A great business plan should include a concept, strategy, executive summary, market analysis, competitor analysis, the company’s financials and a clear action plan.
What is your concept?
This part of the business plan has three elements:
- Executive summary
- Company description
- Products/services
The executive summary will highlight the business mission by describing its products and services.
It is a good idea to briefly explain why you are starting your business and include details about your experience in the industry that you are entering.
