|Business Plans are an important management tool to help gauge the direction and success of both new and established businesses. Essentially, they take the form of a report highlighting the strengths and weaknesses of the business. For proposed new businesses, they prove invaluable in giving a clearer view of the new venture and in raising finance.
Each plan is individually prepared according to the circumstances. They generally include sections covering such topics as:
- Existing / Proposed Business
- The Market
- Market Potential
- Future Plans
- Personal C.V.s
- Financial Requirements
- Cash Flow and Profit Forecast
Individual business plans are suitably bound for presentation to banks and financial institutions.