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Writing a business plan

The basics of writing a business plan

We all know writing a business plan has huge benefits at the start of planning a new business. Sometimes it's just for yourself so you can understand your business better, sometimes you will have to do a business plan if you seek funding or finance. Importantly you need to write your plan with the reader and the purpose in mind, so before you start, ask yourself two questions:

  1. Who are you writing the plan for?

  • Yourself/your parents
  • The bank/other lenders
  • Grant applications
  1. What is the purpose of the plan?
  • To get a better understanding for your own use
  • To persuade others to let you rent/loan/have an asset or resource
  • To get a grant
  • To source finance

Farm diversification, diversification ideas, rural business, rural business ideas
 

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About The Author

Hannah Moule

The Business Barn 

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