Business planning

How do I create a business plan and what are the benefits of doing so?

Whether it’s a simple business plan format, or a business plan for growth, having a plan of action gives your business a focus. However, they are not set in stone and updating the plan to reflect reality is not a failing, but a healthy part of managing the growth of your business. If you don’t have the flexibility to adapt, then your business will fail to satisfy your customers. 

In this section we also include the Business Model Canvas, which helps you bring together and visualise all the components of your business. If you’re starting out (or established and thinking of a new product or service), completing the Business Model Canvas is a worthwhile activity before diving into your full-blown business plan.

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