Mr Sikora
1. Why Write a Business Plan?
The preparation of a written business plan is not the end-result of the planning process. The realization of that plan is the ultimate goal. However, the writing of the plan is an important intermediate stage - fail to plan can mean plan to fail. For an established business it demonstrates that careful consideration has been given to the business's development, and for a startup it shows that the entrepreneur has done his or her homework.
Purpose of the Business Plan
A formal business plan is just as important for an established business, irrespective of its size, as it is for a startup. It serves four critical functions as follows:
Helps management or an entrepreneur to clarify, focus and research their business's or project's development and prospects.
Provides a considered and logical framework within which a business can develop and pursue business strategies over the next three to five years.
Serves as a basis for discussion with third parties such as shareholders, agencies, banks, investors etc.
Offers a benchmark against which actual performance can be measured and reviewed.
Useful Links
More Info
Write business plan
Get planning insights
See planning surveys
Get free planner
Seek planning advice
Develop strategic plan
Checklist for business plan
Business plan guide
See Also
Get business ideas
Devise business strategies
Prepare financial projections
Write strategic plan
Plan to plan
Buy planning book
Software Tools
Financial Planner
Cashflow Forecaster
Business Planner
Expert Business Planner
Strategy Planner
Idea Assessor
Marketing Planners
Free Planners
Buy Software
Financial Projections
Cashflow Forecasts
Business Plans
Marketing Plans
Strategic Plans Just as no two businesses are alike, so also with business plans. As some issues in a plan will be more relevant to some businesses than to others, it is important to tailor a plan's contents to suit individual
The preparation of a written business plan is not the end-result of the planning process. The realization of that plan is the ultimate goal. However, the writing of the plan is an important intermediate stage - fail to plan can mean plan to fail. For an established business it demonstrates that careful consideration has been given to the business's development, and for a startup it shows that the entrepreneur has done his or her homework.
Purpose of the Business Plan
A formal business plan is just as important for an established business, irrespective of its size, as it is for a startup. It serves four critical functions as follows:
Helps management or an entrepreneur to clarify, focus and research their business's or project's development and prospects.
Provides a considered and logical framework within which a business can develop and pursue business strategies over the next three to five years.
Serves as a basis for discussion with third parties such as shareholders, agencies, banks, investors etc.
Offers a benchmark against which actual performance can be measured and reviewed.
Useful Links
More Info
Write business plan
Get planning insights
See planning surveys
Get free planner
Seek planning advice
Develop strategic plan
Checklist for business plan
Business plan guide
See Also
Get business ideas
Devise business strategies
Prepare financial projections
Write strategic plan
Plan to plan
Buy planning book
Software Tools
Financial Planner
Cashflow Forecaster
Business Planner
Expert Business Planner
Strategy Planner
Idea Assessor
Marketing Planners
Free Planners
Buy Software
Financial Projections
Cashflow Forecasts
Business Plans
Marketing Plans
Strategic Plans Just as no two businesses are alike, so also with business plans. As some issues in a plan will be more relevant to some businesses than to others, it is important to tailor a plan's contents to suit individual