Write A Business Plan07/07/2018
Download free business plan templates and find help and advice on how to write your business plan. The plan outlines how Scottish Enterprise will contribute to Scotland’s Economic Strategy, which was published by the Scottish Government in March 2015, by providing a clear framework for creating sustainable economic growth, and recognising the need for a more cohesive and resilient economy that ensures opportunities for all.
If you are like many other small business owners, you are not only the owner of the company, you are likely also actively involved in the day-to-day operations as the President/CEO, the marketing department, the IT department, the HR department…the list goes on and on!
If your planning has been in progress for a while then you might want to update the reader on what stage you are at. If you are considering purchasing an existing laundromat then you will want to outline the history of the business in this section too.
While it may sound like stating the obvious to suggest that any potential business angel is a human being, it’s easy to forget the extent to which this is true; namely that most will have run businesses of their own and, at some stage, been in the same starting block position that many entrepreneurs now find themselves in.
In order to take advantage of this level of immediacy, one of the most important functions of the plan is to impart to the investor a clear sense of who they are dealing with, the financial benefits of investing in this particular product, any associated risks and how the business could fulfil their own criteria.