How do you create a business plan?

Business Point

How do you create a business plan?

"Unsuccessful business owners do not plan to fail, they fail to plan"

Before starting your business, planning what your business will look like and how you intend to make it succeed are a must. You need to follow through your personal vision for success with a structured and objective financial business plan.

A business plan is a written document which provides a description of the business, the market in which it operates and objectives and strategies for success.

The process of writing it down will help you test the feasibility of your plans, reinforce your goals, and bring to light any areas requiring further development.

Having a good business plan will help you approach financial backers with confidence, and show them that your business is viable.

Your business plan should end up a living, useful ongoing management tool that you continue to refer to as your business develops over time.

For more details on how to create a business plan that will help you move into a successful future as a business owner, check out the Planning Your Business Success business guide and our business plan templates.

To get help with preparing a business plan contact your local Enterprise Centre.

Hard copies of any “How to” business guides can be attained by contacting Business Point.

Phone 1800 440 026 or email businesspoint@development.tas.gov.au

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The URL for this page is: http://www.development.tas.gov.au/economic/business_point/start_a_business/planning_your_business/how_do_you_create_a_business_plan    This page was last modified on 5th May 2011.