Starting With Your Business Plan
Planning Your Way Into Enterprise!
At some point during our lives we have all probably had that thought along the lines of, "I want to run my own business" . Or perhaps it was an image of ourselves as being the "boss". However, many of us fail to put this thought into action. But, if you are one of those individuals that actually wants to do something about this here is an important first step to consider.
The first question most people ask is, “What do I do first?” To which I respond, “Business plan, business plan, business plan!” A business plan is an in-depth insight into the potential of your business and should provide details in the development of your business. It is a record which describes your business along with its core components such as its aims, strategies and financial forecast along with an analysis into the current market in which it will coincide with. Your business plan will have much to contribute from acquiring external funding to examining the performance level of your business
This guide, along with our coaching team, will help you prepare a strong and effective business plan. Don't miss this opportunity!
Although at times a business plan may feel like the opposite of action, this is simply not the case. Preparation is crucial. A business plan allows you to see your business through a magnifying glass with an objective point of view. It is the realisation of your dreams, goals, ambitions and objectives all combined into one document. Your business plan will have the answers to these crucial main questions; what, why and HOW.
Our mission at Striding Out is to help all individuals stride out to success from your very first step. In this case we can provide you with business template document specifically designed to help manifest thoughts and encourage you to think from all different perspectives.
We also encourage you to create your own template - one that fits with both YOU and your business. If you like using images, diagrams or tables - do. Whether you like long paragraphs, short sentences or bullet points.
The classic sections included in a business plan are as follows:
1. Executive Summary
2. Business Description / Business Opportunity
3. Vision
4. Mission
5. Products and Services
6. Business Structure
7. Market Analysis
8. Marketing Plan
9. Financial Strategy/Plan
10. Action Plan
This article is written by Quinn Simpson, Business & Youth Coach, Striding Out.
Starting a business can be overwhelming for anyone, nevertheless we are more than happy to assist you with challenges you may face. Our successful team of coaches each specialise in different aspects of business. Get a coach today! Find out more about our business coaching services or email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to arrange a chat with one of our coaches.
