Writing a business plan Your guide to a successful business plan A good business plan defines what you want to achieve and how you intend to achieve it. Our guide could help you write yours. A comprehensive business plan is the best way to go about defining your business.
Your plan should include: What your business will do The products or services it will provide How customers will access your products or services eg in a shop, online or by phone Your approach to pricing Your long and short-term objectives — including a series of benchmarks if possible that you can check your progress against Know your customers Make sure you know as much as possible about who will be buying from you.
Knowing the answers will help you promote your business much more effectively: How old are they? What do they do for a living? What are their lifestyles like? Do they already buy the product or service? Why will they buy from you and no one else?
How will you tell them about your business? Naming your business The name you choose for your business should reflect the image you want to project to your market. If you have the facilities, you could test various names to see how people from your proposed customer base react.
There are companies that provide this service, or you could do it informally by asking friends and family. There are plenty of guides that will help you to understand the law and make decisions to suit your business, such as the number of employees you need, what you should offer them and if they will be contractors or permanent.
Here are some key things to consider: What are my responsibilities and what do I need to provide them with? How will I make sure they are properly managed and trained? What should I pay them and does it match with the pay offered for similar roles in the area?
How will they benefit my business and help me to achieve my goals? Writing it all down When you write your business plan, remember to be clear, realistic and concise. You should use research and, if possible, evidence, to support your conclusions and include an action plan.
Nothing needs to be set in stone, however; business plans are dynamic documents — meaning that you should adjust your plan as your business develops. You may also be interested in Start-up business account Free business banking for the first 12 months Kick-start your business with free banking for 12 months1, with expert advice on hand when you need it in those vital early months.
Protecting your business idea Got a big idea? Find out how to protect it The Intellectual Property IP rights of your business determine the value of your idea, so a copyright, patent or trademark is essential. Protect your idea Important information Available for small businesses, including individuals setting up their first business bank account within the first 12 months of trading.
Standard transactions include most payments out debits and payments in credits.
There are charges for non-standard transactions, such as audit letters, returned or stopped cheques, international payments and duplicate statements. See a full list of standard and non-standard transactions.Barclays UK is our UK consumer and business bank differentiated by scale and proven digital capability.
Barclays UK will become the ring-fenced bank for the UK during , providing transactional, lending . Please note that “Pet Grandma Inc.” is a fictional business invented for this example. For instructions and tips on how to write an executive summary for your own business plan, see Writing the Executive Summary of the Business Plan, part of the Writing a Business Plan series.
Free Essay: SWOT ANALYSIS - BarclayCard Summary of Recommendations Barclaycard has been the first mover in the UK for credit card services. A SWOT Analysis of A Sample Business Plan Angela Acton Foundations of Business Mr. Dennis Keegan January 23, Abstract When an entrepreneur comes across an opportunity to open a new business.
Get inspiration on how to write a business plan. Our gallery of over + free business plan samples include: restaurants, online retail, health care, plus tons of business services.
An outline of your company's growth strategy is essential to a business plan, but it just isn't complete without the numbers to back it up. 17 Business Plan Examples in PDF Any individual wanting to start a business are commonly faced with the dilemma of creating business plan.
To most this may seem as quite a daunting task and to some a necessity in preparation for a business and the actual running of the business.