Once you have an idea and have done some research, you need to get things down on paper, this is so you have all the information about your business in a document, this is known as a business plan.

A business plan is a vital piece of info and many people may ask to see it:-

• Bank Manager To get an account or possible funding
• Landlord To get premises such as an office or workshop
• Business adviser To explain your idea
• Enterprise agency To gain access to a loan fund

Above all, it will focus your ideas and make you think about how you will run the business in the future, and give you an in sight into what sort of income you can make. This type of PLANNING is vital for a business to succeed, as a business is not a short term project- The whole reason you are doing it is to hopefully make you money for the rest of your life.

• A business will fail if you don’t plan properly!

“ FAILING TO PLAN IS PLANNING TO FAIL!”

Click here to see how a basic business plan might be laid out and what you need to include: