Business Planning

Your business doesn`t have to be a new idea - but good business, good research, planning, financing and hard work all contribute to making your business idea a success story.

 

Have you researched your idea. Do you know?

• Your target market
• Your potential customers
• Your target markets' needs
• When/Where they will buy your product/service
• How will your customers find you
• What is your competition doing

A Business Plan will help you focus your proposed business venture and should include:

• A summary
• The market and competition - your research
• Promotion and pricing - how you are going to get your business
• Management - is it you, your experience, who is involved?
• Operations - the structure of the business
• Finances - your cashflow forecasts
• Financial Requirments - how much money do you need

Keep your business plan short and to the point.