A well-thought out business plan is essential for every business, from a large-scale exporter to a mobile coffee van.
Writing a business plan helps you detail your goals and objectives so you can map out a path to future growth.
It gives you the insight you need to identify and pursue opportunities you may never have recognised, and to avoid unnecessary risk you wouldn’t have otherwise seen coming. This is crucial for effective day-to-day planning and business development.
Having an in-depth business plan also gives you a strategic advantage when seeking investment or if you decide to sell your business, and additional capital down the track. An effective business plan that has evolved with your business is a sign of credibility and dedication to succeed.
The following Action Plan will give you everything you need to start writing your own by covering the core components of an effective business plan.
Consider the questions, fill in your answers, and at the end you’ll be able to download them to kick start your business plan for future planning and development.
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