Writing a business plan
A business plan is simply a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts, your customer research, and how you can turn your idea into a viable business.
A business plan helps you to:
- clarify your business idea
- spot potential problems
- set out your goals
- measure your progress
- explain your ideas to suppliers, partners and financial providers
You can download free business plan templates and find help and advice on how to write your business plan from the GOV.UK (link opens in new window) website.