A business plan is something a note of business goals, objectives, target market information and financial forecasts that you are aiming to achieve over a certain period of time.

Why a business plan is necessary?

• To seek finance for your business, you'll need to show banks and investors why they should invest in your business.
• Lenders and investors will only risk their time and money if they're confident that your business will be successful and profitable.
• To shows your predicted profits and income streams.
• Preparing a business plan will help you work out the goals you want to achieve, and the strategies to achieve them. 
• Taking the time out of your business to plan will give you a sense of control about the future of your business and pay off in the long run!

Think before a business plan!

• Before starting your new business, find out if there is a demand for your products or services.
• What product/service will you provide?
• Is there a market for your product/service?
• What skills do you need?
• Who are your competitors?
• What difference will you bring to the market?

 Inclusion in a business plan

• An overall summary
• About your business
• About your market
• About your business’s future
• About the finances
• Supporting documents for above
• After finishing the plan- Review it, distribute it and Protect it