If the first question that springs to mind is ‘do I need a business plan?’ the answer is a very simple ‘yes.’
Whether established business or concept-stage start-up, the business plan is a nuts and bolts action plan, an essential tool for both marking out the future and reviewing the course along the way, says Simon Joyce, director of Anchor Vans. Here, he gives his views on how to get your business plan right.
In short a business plan is a document that states the business goals and how they will be achieved. Every business should have a business plan. It might be a brief one-pager or it may be an all-encompassing report including marketing and finance plans.