Subscribe to our Newsletter

Do I Need a Business Plan?

Written by Rick Fitzpatrick • Director and Founder
Published on 30 Jul 2018

There are no exceptions or defendable excuses. All businesses need a business plan that is regularly reviewed, whether you are starting a new business or growing your business.

 

What is a business plan?

It’s like a blueprint, it should illustrate your business’s mission, vision, goals, and strategies to achieve those goals.

It should be smart, concise, measurable and easily communicated.

It can be used in various situations:

 

What should a good business plan include?

1. Executive Summary

2. Business background

3. Businesses directional pull

4. Market research

5. Marketing plan

6. Operations and production

7. Financial analysis

8. Implementation timetable

9. Supporting documentation

 

Who can help me put together a realistic and successful business plan?

There have been many books that have been written about how to effectively plan and create a business plan. You can also find hundreds of blog posts, templates, and articles on the Internet.

Although these can be helpful, it is hard to navigate through all the information and accurately apply it to your business. Every business is different and requires a unique business plan tailored to them.

 

Why is it so important that I get my business plan right?

It’s so much more than the write up of a document.

Fitzpatrick Group will help you define and align your business and personal goals by creating a clear picture of where you are, where you want to go and how you can get there.

Check out another recent blog in this category.

Rick Fitzpatrick is the founding director of Fitzpatrick Group. Rick is a Certified Practising Accountant (CPA), Chartered Accountant (CA), Registered Company Auditor, Registered Tax Agent and Certified Business Coach. Authour \u2022 Rick Fitzpatrick

Director & Founder, Fitzpatrick Group

Post Categories: Small Business | Tax Essentials

Ready to work on your business plan?

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.