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As they say, it’s all in the planning, so what’s yours? Do you have one?
Whatever your answer, below is a list of things every good business plan needs. A chat with an accountant, lawyer or specialist in your field is also advised.
Executive summary – this is a summary or overview of what your business is and what you intend to achieve.
Personnel planning – a focus on several key areas of personnel planning like staff contribution, assessment and training.
Strengths weaknesses, opportunities and threats (SWOT) – list strengths, weaknesses, opportunities and threats and any required action
Your business, products & services – outlines your business, products and services
Financial forecasts – as the name suggests, this covers your financial forecasts and should include tables to accurately calculate the total costs of establishing a business.
Production planning – provides step-by-step guide to researching and writing a production plan for those intending to start or develop a manufacturing business.
Stock turnover planning – introduces stock turnover for retailers and provides a step-by-step guide to producing one
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