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Each section of the template comes with brief instructions, so that you get the structure right.When you’re finished, one of our small business bankers would be happy to go over the plan and provide advice and guidance.Your plan is an essential document to ensure your ideas are feasible and is critical for bank New suppliers and larger customers may require this document and it's also useful to track progress against your original targets.
Detail your marketing activities including market research, market trends and size, external market economics, barriers to entry.
As your market is made up of customers describe their characteristics.
This area covers your mission statement, company goals and objectives, business philosophy, the industry you're in and legal ownership and key employees.
Describe your key products and services, pricing and margins.
If you're starting a new business then you should detail the costs you'll incur while starting up before the day to day operations commence.
For most businesses, this is the amount they'll need initial funding for to begin trading.
Download our business plan template (Word, 150KB) and get started.
The information contained in this article is correct as of July 2018 and is intended to be of a general nature only.
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.