The business plan forms the base of your journey into launching or maintaining your entity. It outlines the reasons as to why the business was formed, the business strategies, the core business objectives, the environment you operate in, your products or services and what problems they are solving, your belief as to why your business has a competitive edge over others in your category, where you have weaknesses and should also include expected outcomes achieved throughout the growth of your business. Don’t believe what you read or what you are told; there is no ‘one size fits all’ structure for a business plan.

A business plan is a document that outlines the goals and objectives of your business, as well as the strategies and tactics you will use to reach those goals. It also serves as a roadmap for you and your team to follow. Creating a business plan is an important step in starting or growing your business. It provides clarity on what you want to achieve and how you will get there. It can help you identify potential risks and opportunities, as well as provide a framework for making decisions. A well-crafted business plan can also help you secure financing from investors or lenders.

The following information has been taken from the yet to be released book titled "The Global SME A Snapshot guide to thriving and surviving in a global digital economy" by Damian London.

An Introduction to Business Plans

Welcome to the world of business planning!  Having a business plan is essential for any business, big or small. A business plan is a document that outlines the goals and objectives of your business, as well as the strategies and tactics you will... << More >>

Business Plan Template Examples

A business plan is essential for any entrepreneur or business looking to start or grow their business. It serves as a roadmap for your operations, allowing you to plan for success and manage potential problems. Having an effective business plan can help... << More >>

Type of Business Plans

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Business Plan Useful Resources

Creating an effective business plan is more than just following a single set of advice or guide. It requires not only research of your own business, but research of what others in similar industries to you are doing with their own business plan creations. ... << More >>

Step by Step Guide on How to Create Your Own Business Plan

Whilst core components of a business plan provide guidance on how and what to include, the challenge for business owners and managers remains as to which of these components are imperative to their business plan.  Part of the tasks and the components... << More >>

Business Plan Core Components

When considering what you want to include in a business plan it is important to reflect on both why you are writing the plan and who the plan is for.  Remember, a business plan serves as a roadmap for your business and provides the information necessary... << More >>