Question 1

What is a Business Plan?

Accepted Answer

A business plan is converting your business idea into a written document which should include: background of the business, introduction of the business idea and why do you want to do business; a description of the products you want to sell or services you want to offer; the customers you wish to sell your products or provide your service to; how you will advertise your business to attract customers; and your financing budget to get your business started.

Question 2

Why Should I Prepare a Business Plan?

Accepted Answer

A Business Plan helps you to layout the goals and objectives that needs to be achieved to get your business up and running. This Plan will also present a snapshot of the future of your business.   The business plan will also help you to: Maintain focus in achieving your business goals such as sales target, keeping track of expenses and payments etc; Provide a guide for you and your staff in growing the business; and Obtaining funds from Banks or other financing organisations.

Question 3

Business Plan Template

Accepted Answer

Click HERE for Business Plan Template

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