You’ve done your research, what’s next?
We have some tips to help you during the start-up stage of your new business.
The devil is in the detail
A business plan is a written document that describes a business, its objectives, strategies, the market it operates in and realistic financial forecasts. When writing your business plan you should seek professional advice from your accountant and/or solicitor.
You can also access support from various business organisations and agencies such as InterTrade Ireland, Invest N.I., European Investment bank, Findingfinance.org.uk and community development financial institutions.
A critical document
A business plan has many important uses from proving the viability of your business, to securing funding and measuring success. Your business plan should be continually updated as the business evolves.
You may need to share your business plan with potential investors, grant providers and business partners.
A roadmap for success
- Focus on what you need to do to develop your business.
- Structure the financial aspects of your business effectively.
- Measure the success of your business against your objectives.
- Identify potential pitfalls before they happen.
Things to think about when writing your business plan
- Detail the business name, address, owners and legal status.
- Clearly outline your business idea, aims and goals.
- Provide detail on the marketing plan and strategy, including details of your target market, unique selling proposition and competitor information.
- Demonstrate the viability of your business through sales targets and objectives.
- Outline operational requirements including premises, equipment, staff, suppliers, licensing etc.
Business plan template
Use our business plan template to create your business plan.
Talk to us
Simply call 0345 6005 925† and we will help you or make an appointment for you to meet one of our relationship managers.
† Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.