These tend to be about 10-15 pages, on average, and they provide a deeper level of detail about your company. Don’t be afraid to seek guidance from others who have been there or done that.
If you merely want to get everyone on the same page or have a place where all your thoughts are put in one place and have something you can quickly update as your business cycle and learnings change, a short, one-pager could be the way to go. Regardless of what format you choose, your business plan should contain the following: Executive summary: Think of this as a more detailed elevator pitch. Involve your mentors or even potential investors. Often, they know what it takes to succeed and can provide a much more accurate picture of what your expectations should be starting out.
Remember that anyone picking up your business plan should be able to understand exactly what your business does and where you want it to go in the next 12 months or few years.
It should also include the steps you’re going to take to get the business to that point.
Potential investors and banks will want a realistic picture of your books.
If you want to find out how to borrow money or make savings, don’t forget our FSB Business Banking can help you.
Break the information down into simple sections: Whether you’re launching your own start-up or looking to grow your small business, our FSB Business Leads will help you find new customers.
Our specialist advice can help you build your business’s profile and our members are already benefiting from exclusive discounts to access the latest business data lists.
We’ll help you concentrate on what’s important, running your business.
Every business starts with a plan, whether it is one mapped out in your head, jotted down on a paper napkin or formalized into a business plan.