HOW DO I WRITE A BUSINESS PLAN?

Dear BIZ

I need to write a business plan as I want to get some funding but don’t know where to start and what to include. Any advice? Simon, by email

BIZ replies

A business plan is the blueprint for setting up and running a company and is crucial to help get the basics right, ensure your idea has legs and to help you head in the right direction.

Preparing one will help you work out what you have to offer, who your customers and competitors are, and costs versus pricing.

It will show prospect investors/lenders that you know your stuff and are capable of pulling this off. You can find templates and information on what to include at gov.uk/ write-business-plan