If you’re looking to start a business you should write a business plan.
Not just because a bank will want to view it before they allow you to open a business bank account, but also to help you sketch out your idea.
A business plan before you start your business will reduce the risk of missing something.
This Business Plan module is called a Quick Start Business Plan for a reason. It outlines the main points and will give you and others a clear snapshot of your business idea.
Once you’ve finished you’ll have an intuitive feeling of whether you want to go ahead with your idea or delay it.
If you give your Quick Start Business Plan to a stranger, they should understand your business idea without getting bogged down in details.
If you decide you need a more comprehensive business plan, then you can download the business plan template which covers a range of business issues in more depth.
We’ll also give you some really useful templates that’ll help you see how financially viable your idea is.
If your idea still looks good after this quick start business plan, then you'll probably want to add in more detail. There is a range of business planning software and advice available, including Business Link, pay to use business plans from www.paloalto.co.uk, and www.teneric.co.uk, plus a huge range of business planning books from any book store or library. Our advice is to access as many as you can to build a comprehensive picture of your business.
Most of the High Street Banks also provide business planning advice.