What is a business plan?
A business plan is a clear and concise, professional document. Your business plan details the aims and objectives of your organisation, setting out how you plan to manage, deliver, develop and sustain your provision. Your business plan should explain:
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The aims and objectives of your organisation
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How you will deliver and manage your service
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Why the service is needed
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Who the beneficiaries are and what they will gain
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What the service will cost and how it will be financed
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How the service will be monitored
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The future direction of your service
Why have a business plan?
You need to have a business plan in order to:
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Clarify your aims and objectives
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Have a clear plan of action for the management and staff of the provision
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Provide a working document for the development of the project
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To convince potential funders/ investors of the viability of the project