Writing a business plan is a vital first step when starting a business, in order to set out your proposition, your market, customers and competitors. The business planning process will give you a feel for the various elements that will determine your success, from cash flow, to sales forecasting to your personnel structure. A good business plan will let you structure your finances efficiently, show potential investors the strength of your business, and focus your efforts on developing your business. A business plan isn’t written once; it’s a living document that you return to periodically to help you spot potential pitfalls before they happen. Find out more by getting in contact.
You can get plenty of free advice and guidance on how to write a business plan on line:
Sample business plans and guides from Barclays, Lloyds, HSBC, RBS and NatWest banks.
Business plan advice and guides can be found from ICAEW, CIMA, and The Association of Chartered Certified Accountants.
You can get help with a business plan if you’re out of work from the New Enterprise Allowance, which offers support with developing your business plan, as well as financial and mentoring help.
Taken from: http://www.greatbusiness.gov.uk/writing-a-business-plan/