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A business plan is a document that outlines and summarises the financial and operational objectives in the company and practically describes the manner in which the company will achieve its goals.
In simple terms, yes. Not considering the compliance aspect and funding opportunities. The process of the business plan will allow you to have a better understanding of exactly how you are going to start and grow your company to be successful.
1) A game plan. A business plan can be considered to be a roadmap for the company. It will allow for focus and direction towards one goal, although things may change in the first few months – the end goal will be known.
2) Compliance. Depending on what your company will be supplying, be it service or product, many governmental regulating bodies will request a formal business plan for the specific industry.
3) Financing & Funding. To be eligible for funding, investors will want to know all about your company. They will look for things such as who your target market is and, ultimately, whether your business is profitable. A business plan outlines all these points.
Many entrepreneurs are under the impression that a business plan is purely for financial funding, this is however not the case. At the onset of your venture, a comprehensive plan will help you get a realistic picture of your capabilities and viable strategies. Once your business is off the ground and thriving the way in which you intended it to, your business plan will allow for direction and guidance to continue to thrive.
Brend Badenhorst has written over 500 business plans for existing and new companies all over South Africa – He is a SETA Business Facilitator with a team of dedicated business plan specialists. They will walk you through the entire process and ensure that you have the correct business plan for your company.
We will setup your Business Plan according to the regulations of:
Signup for a Free Consultation and speak to a Business Plan Specialist today!
Signup for a Free Consultation and speak to a Business Plan Specialist today!
We do not guarantee funding. We provide you with a business plan document which is one of the documents required to apply for funding.