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Writing a business plan

Perhaps the most important aspect of starting up a new business is to write a detailed, accurate and effective business plan. A water-tight business plan will give you the direction and focus you need to channel your energies more effectively toward the fulfillment of your business goals. Writing a business plan requires both extensive financial knowledge and strategic planning skills – you may wish to seek the assistance of an accountant to help you at this stage of developing your business.

A good business plan can be used throughout the life of your business. It should be consulted and reviewed at any important turning points of your business to ensure you are still meeting your goals and objectives.

Your business plan might follow this sample business plan outline.

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