But, there's no reason why you can't start crafting your business plan today.It’s really important that potential investors can understand what your business is all about from a quick glance at your plan.You also need detailed information about your competitors and why you'll be able to take market share from them.
You may also want to contact your Bank who may well have information, examples and templates of business plans.
My advice would be to have a look at the examples that are mentioned here and also, keep an eye out over the next couple of weeks for the series of in depth guides in PDF format from Small uk that will soon be available to buy here.
It is essential to have a realistic, working business plan when you’re starting up a business.
We have our own section devoted to business planning where there are lots of articles and links to information on writing business plans.
Make sure you include a summary of your business, and how it will make money right from the start, and use simple language throughout.
Being specific is just as important as being concise.This part describes how you're going to produce your products and any distribution issues to get products to your customers and your key suppliers.People are behind all successful businesses, so it's important to include the key people and advisors.There are two for preparing the narrative of your plan (One for a startup business and the other for an existing business) and a cash flow template.These free business plan templates can help you quickly write a business plan.One of them specifically focuses on business planning and offers a template plan and information on forecasting sales to point you in the right direction.I would like to start up a home secretarial services business together with a small employment agency dealing with nannies, housekeepers, cleaners and care workers.A basic business plan outlines the answers to questions about your intentions such as: Here's the basic structure in summary from the downloads above: It's best to write this last after you've prepared the rest of your plan because this is simply a summary of the whole plan.It should ideally be one page, but two pages are equally acceptable.The content can show you how to prepare a high quality plan using a number of easy-to-follow steps but also contains more specialist information to help you really fine tune your document, plus advice on presentation and targeting.You can find examples of business plans for different types of businesses at