BUSINESS PLAN_A GENERAL OVERVIEW
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1.0 WHY DO WE NEED A BUSINESS PLAN?
You have probably discovered a new idea in business & you’re maybe can’t wait to start a
business. There’s so much to learn and gather that is can become quite interesting. But, have
you assessed whether you are an entrepreneur at heart and ready for any challenges? Do
you know what kind of business you’re interested in? The next step will test you.
A business plan is a necessary tool for all businesses. Imagine that you’re trying to build a
home without a blueprints or a movie without a script, don’t start a business without any
blueprint. Take all the information gathered and put all those ideas onto paper. Never keep
the ideas in your brain.
Without a business plan, banks or investors
will not entertain the thought of financing
your business. It is your only foot in the door,
so make sure it shines.
2.0 WHAT IS A BUSINESS PLAN?
A business plan is a written document that describes a business:
Objectives
Strategies
Market and;
Financial forecasts.
It has many functions, from securing external funding to measuring success within your
business.
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