Business Planning / April 23rd 2014

Comparing yourself to the competition

When writing a business plan for any purpose it is vital to consider who your competitors will be. If you believe that there are no direct competitors in your chosen business area then you should still consider any sources of indirect competition.

If you are intending to present your business plan to investors they will want to see your plans for exiting the business. It may seem strange to develop an exit strategy to leave your business at this point in time, but potential investors will want

The executive summary of a business plan should only be written once the complete plan has been constructed so that the important highlights from each section are included. It is particularly important that this section remains concise; generally, it

The basic requirements for the initial visa are: You have £200,000 available to invest in the UK (or £100,000 if you are part of an Entrepreneurial Team of two business partners) You can show a maintenance funds balance of  £900 (or £3,1

In the current economic climate, businesses are finding it increasingly hard to access the finance they need; in particular working capital. In order to tackle this, the government announced the launch of the Enterprise Finance Guarantee Scheme (EFG)

Some entrepreneurs make the mistake of thinking that they can handle running their entire business on their own and are unwilling to reach out to others for help. Being in business at the start-up level does require a lot of work and for the owner to

Poorly written business plans can give the impression that a company is unprofessional in its approach. Spelling and grammar mistakes are an unwanted (more…)

The aim of a business plan is to persuade the intended audience that a business venture will be viable and successful. There is a temptation to produce a (more…)

A lot of new business owners only concentrate on the amount of profit to be made when producing their business plans and do not distinguish this (more…)