What is a business plan ?

It is a plan on paper of what the organisation will do to turn its vision into reality.
It summarises the activities, systems, skills and resources needed to achieve its short, medium and long term goals.

Why prepare a business plan ?

A good business plan will
-help you plan for the future
-asesses strength and weaknesses
-highlight risk and opportunities
-guide organisations activities
-show how you will monitor success and manage setbacks
-establish credibility
-show that your plan is feasible and realistic

What your plan should include ?

Your business plan is a statement of intent and may include the following:

-Personal Goal
-Vision
-Mission
-Aims & Objective
-Swot Analysis
-Operational Plan
-Marketing Plan
-Financial Plan
-Supporting documentations

The benefits of business planning.

-It gives your business direction & timeline to reach your targets.
-Operating a business without a plan is like driving a car without a road map
-It allows you to measure the progress of your business
-Having a plan that you refer to regularly will provide an excellent structure to help you achieve your business goals

-“If you fail to plan you plan to fail “

Contact a business advisor for assistance or to access online Business Planning tools.