As the old saying goes, ‘if you fail to plan you are planning to fail’ – and that’s an important message to remember when you’re starting or growing a business.
You may have the best business idea in the world but unless you have a clear on how you’re going to make it happen, it may never reach fruition.
A business plan is a crucial tool for any organisation, new or old. If you’re hoping to start your own business, you’ll need this to prove to financial organisations that you’ve got a vision and know how you’re going to deliver it.
If you already run an established business and you want to grow, a business plan can give you the clarity you need to understand your aims and how you’re going to reach them.
External funders, whether you’re sourcing a business grant or loan, want to see a business plan – it demonstrates attention to detail and a wider understanding of your organisation and its operation.
We’re not the only ones who think a business plan is important. One of the world’s most successful businessmen Richard Branson believes so too – read his thoughts on why you need a roadmap for your business here.
As part of our #getgrowing campaign, we have organised a free business planning workshop at the Marches Growth Hub Telford on May 9th from 9.30am to 12.30pm.
Ralph Savage FCA of DRS Business Solutions LTD will explain why a business plan and financial forecast is so vital for delivering successful growth, and attracting finance. This interactive session is intended to equip you with the skills to create an effective plan and is suitable for start-ups and SMEs.
To register for the free workshop, go to https://bit.ly/2GAuQsZ or call 01952 567589.
For five top tips on writing your own business plan, read our blog post here.