How to write a business plan: business planning for micro, small and medium enterprises

How to write a business plan: business planning for micro, small and medium enterprises

A practical guide to planning for a new business

The business plan is not only a planning tool, it is also an excellent communication instrument for investors and suppliers interested in understanding the operations and goals of the business.

This document provides guidelines how to produce a business plan for medium and micro to small businesses. Templates of a business plan are presented, along with instructions in how to complete each aspect of the plan, covering topics such as:

  • personal data
  • work premises
  • yearly sales plan
  • equipment owned and to be purchased
  • raw material requirements
  • operating expenses
  • production/service plan
  • profit and loss statements
  • sales and marketing
  • organisation, management and financial planning.

The document incorporates practical guidance for business owners, offering for example, advice on how to identify and reach markets, factors to consider in sourcing inputs, approaches for interviewing wholesalers, retailers, and consumers and customers, and methods for estimating the financial viability of an enterprise. The report concludes with a checklist for drawing up a business plan.