Do you actually NEED a business plan, though? This free template might help you decide.
Transmit Startups
If you're looking for a loan to get your business started, or in your first two years of trading, we can help!
If you're overwhelmed at the thought of writing your first business plan, you’re not alone.
Lots of people find the idea intimidating. So we've taken our recommended business plan template and explained how it works.
Read more here:
If you're after some #quickwins here are 3 things you can work on this week:
1.Put yourself in your customer's shoes
Not literally. Unless you're a shoemaker, in which case DEFINITELY try them on!
Whatever product or service you'll be selling, think about what your customers want and what problem your business solves for them.
How will they discover your brand and?how will you sell to them? Write it down!
2.Keep it legal
Your new business needs to be legally compliant, so start by working out:
Make some notes!
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3.What will it cost to get going?
Business planning helps you understand the financial reality of your business idea. Do you have the resources you need to get started - whether that's stock, premises, funding or staff?
Not everyone starting a business needs to access business finance. There are plenty of?businesses you can start with no money. However, some do need startup funding.
If you're planning to apply for a Start Up Loan, a business plan is essential as it shows lenders how you'll generate enough income to afford the repayments.
Jot down your essential startups costs!
Armed with these 3 things, you'll hopefully feel much more confident to make a start on your Business Plan. It's not-so-hard-To-Do when you use this free template.
Thanks for reading!
See you next time.
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