A business plan and financial forecasts are an essential tool for any business – and research shows that businesses with a business plan double their chances of increasing profits and revenues and attracting new clients.
By outlining your business strategy and going through the business planning process you will review options that will determine your success, and identify the best opportunities and how to make the most of them. Your plan includes forecasting your sales and working out your cash flow and funding requirements.
By the end of this module you will have:
will almost always need a business plan to help convince potential lenders,
investors and other key stakeholders to support you.