We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
A good business plan template?

ferry
Posts: 2,012 Forumite


Just gathering some info as I am considering a small business venture into the New Year.
Well,two questions if I may,firstly can anyone recommend a good business plan template,one that asks all the right questions-possibly one I could eventually present to a business banking manager?
Also,is there a need for a solicitor when starting a asmall business?If so what is their involvement?
Thanks as usual
F
Well,two questions if I may,firstly can anyone recommend a good business plan template,one that asks all the right questions-possibly one I could eventually present to a business banking manager?
Also,is there a need for a solicitor when starting a asmall business?If so what is their involvement?
Thanks as usual
F
:j
0
Comments
-
What is the type/size/sector of the business? Ltd company or sole trader? What are you hoping the bank manager will do?
Fact is they don't lend money to small businesses without assets to cover the debt, so for a small business you're looking at starting up under your own capital. If you're not looking to borrow money, then your business plan only needs to make sense to you, if you get my drift.0 -
HSBC is a good template, even if you don't bank with them. There are few templates on their business site.
Just remove their logos if you're looking for support from elsewhere
CK💙💛 💔0 -
-
What is the type/size/sector of the business? Ltd company or sole trader? What are you hoping the bank manager will do?
Fact is they don't lend money to small businesses without assets to cover the debt, so for a small business you're looking at starting up under your own capital. If you're not looking to borrow money, then your business plan only needs to make sense to you, if you get my drift.
As per this, it depends what your plan is to how much work you need to put into this.
I never did a specific business plan as it was my money going in, I just checked if it could work per unit and didn't take too much stock and all worked out just fine.
The plan just evolved as time went on and is what I am doing now.
I know if I needed investors I could put together a good plan with projected growth but right now its really not needed.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Brilliant-thank you
I have one more question -how do I find out about business start up 'workshops' in my local area which I think I'd find very useful?:j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349.8K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.7K Work, Benefits & Business
- 619.5K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards