What is a business plan? A business plan is a document that explains what your company does, how it operates, and what your short, medium, and long-term SMART specific, measurable, attainable, relevant and time-based goals are.
Select Page Free Business Plan Template Writing a good business plan is the first step to detailing exactly what you want your business to achieve and how you intend to achieve it. Whether you are a new or existing business, a well written business plan can help to clarify your ideas, aims and objectives and ensure you focus on the right things.
Your business plan is also an essential document to secure finance for your business. Our free business plan template has been designed to simplify the process of writing your own business plan.
Simply complete the form opposite to download and access the following: Business plan template Word document and Adobe PDF file Financial planning spreadsheet Excel template Business plan writing tips from the pros To help you even further, we will also email you a short series of business plan writing tips.
In the meantime, please explore the rest of this page for free advice and tips on how to write a winning business plan. More details here Six Reasons Why You Must Have a Business Plan Everyone knows the importance of writing a business plan, especially when first starting out in business.
Here are six uk business plan template hsbc login why writing a business plan is essential for your success: It allows you to see from the very start that your business can work and that you are heading in the right direction. By ensuring you have considered as well as written down the fundamentals of running your business first i.
By being clear on what you need to do and how you will do it — and in written form — will allow you to get clear on your business idea before you even set out. Communicates your plan of action A business plan details and demonstrates to the reader exactly what you are trying to achieve.
Chances are you might be working with or obtaining help from a number of advisers, associates and strategic partners etc — as such a business plan communicates succinctly what you intend to do, how you intend to get there and what you are going to achieve.
Keeps you focused and on track A business plan will help to give you a clear direction and most important of all — focus. A business plan that details your business vision, explains your mission and sets realistic goals and objectives can help keep you focused and on track.
It also allows you to regularly take a step back and reappraise your overall business objectives and strategy.
This is sometimes forgotten by business owners, but you must always provide a credible and viable business plan when approaching a bank or other funder provider for funding. Potential investors will look at the strength of your plan when looking to reach a decision.
Therefore you need to not only sell your company, but yourself too. A professionally written business plan will do this for you.
In fact, a study by Babson College found that start-ups with a business plan raised twice as much capital as those without a business plan within the first 12 months. The single most important reason… However, we believe that the single most important reason you need to write a business plan, is that the process forces you to think about every aspect of running a business.
By writing a business plan it will encourage and prompt you to ask yourself questions about operating your new or current venture that you may not have considered previously.
Without a plan, you are making it up as you go along! Format of a Business Plan Many people make the mistake of believing that they must write a hefty tome containing lots of very detailed analysis, facts and figures. Whilst a business plan must contain certain elements see belowthe key is to choose a business plan template that works for you and your business.
When writing your business plan always consider this: Whilst there are no specific rules on page length a concise, compelling and persuasive business plan should come in at between pages in length maximum. Above this and you are in danger of waffling and creating a document that is a chore to read.
Ideally your business plan should be an important document that you will refer to often and become a part of your day-to-day business operations, rather than something that sits in a drawer gathering dust.
Remember banks and other funding providers are not investing in pretty documents, they are looking to support viable business propositions. Think content over style.Business Forms & Templates. Get instant access to hundreds of business forms, templates, and contracts online today.
Find documents for almost every kind of business such as purchase orders. The Treasury said: “[HSBC’s decision to keep the HQ in the UK is] a vote of confidence in the government’s economic plan, and a boost to our goal of making the UK a great place to do more.
See how Royal Bank of Scotland can help your startup business, or existing small to medium business with its usiness banking needs, from business bank accounts, to business lending and more.
If you still need a bank account for your new business, learn how our startup package could help. Prepare your business plan Preparing a business plan is one of the most important tasks you will undertake when setting up your business.
It has many important uses from proving the viability of the business to outlining goals, measuring success and securing funding. The plan looks at how you expect the business to perform, the risks you face and the financial returns you anticipate. Whether you are starting a new business or looking to grow, preparing a business plan helps you think through important issues and decide your approach.
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