Need help writing a business plan? Follow our step-by-step guide

Do you need help writing a business plan? Maybe your business is just starting out and needs help to secure investment. Or perhaps you’re trying to expand and need to find the funds to grow. Wherever you are in your growth journey, the experts at Hudson Business Plans are on hand to help!

What is a business plan?

 A business plan is a document that describes your business, your products and services, and the market you sell into. It’s your opportunity to describe your business strategy and your plans for growth.

Business plans can have several purposes. You could use a business plan to guide your business forward and help you achieve your goals. It could also be used to secure funding by attracting investors.

Why do you need a business plan?

Before you get help writing a business plan, you might be wondering why you need one in the first place. Here are some reasons why planning is a good idea for your business:

• It’s a great way to raise finance

Whether you’re just starting out or have years in the business, you’ll likely need support from investors to grow. To get this financial support, you’ll need a business plan to show them why you’re worth investing in.

• Having a business plan reduces risks

As we’ve already established, your business plan is a great way to guide your business forward. You’ll have the opportunity to identify potential risks and figure out ways to mitigate them before they occur.

• It will help you make smart spending decisions

Within your business plan, you should have a section dedicated to financial projections. This will help you estimate the potential impact of your spending decisions before you make any concrete purchases.

Need help writing a business plan? Follow our step-by-step guide below:

1. Produce an executive summary

The first part of your business plan should be the executive summary. This is simply an overview of your business and the information included in the business plan. Although this is the first section of the business plan, many people choose to write it last. However, there is no right or wrong answer to completing this section.

2. List your products and services

Next, you should list your products and services. A good way to do this is by starting with a problem that your ideal customers are facing. Then, describe how your products or services offer a solution to that problem.

3. Conduct market analysis

If you still need help writing a business plan, we still have some tips left in our step-by-step guide.

Now it’s time to conduct a market analysis. Basically, this section should outline all the information you have about your ideal customers. You should also explain your position in the industry.

4. Outline your marketing and sales strategy

In this section, you should outline how you plan to market your business and sell to customers. This could include marketing strategies that work for you, or sales channels that you plan to use.

5. Describe your Management Team

For companies that need help writing a business plan, you might not have considered this next point. However, it’s really important for producing a successful, effective business plan.

Investors will want to see evidence of your Management Team. This includes their role, responsibilities and relationships with other employees. You could also include future positions that you’ll need to recruit to reach your goals.

6. Include financial projections

Your business plan should include a section for financial projections. This will reassure potential stakeholders that they’ll benefit from investing in your business.

Typically, your financial plan should include:

• Sales and revenue projections
• Profit and loss statement
• Cash flow statement
• Balance sheet.

In summary 

A business plan is a document that describes your business, your products and services, and the market you sell into. It’s your opportunity to describe your business strategy and your plans for growth.

If you need help writing a business plan, remember to follow our step-by-step guide:

1. Produce an executive summary
2. List your products and services
3. Conduct market analysis
4. Outline your sales and marketing strategy
5. Describe your Management Team
6. Include financial projections.

Check out our services below!

We have 10 services to suit businesses of all sizes, no matter where you are in your growth journey. Our services include:

• Start Up Business Plans

Start-Up Business Plans is for new businesses that want to grow. We’ll use our extensive experience to produce a professional plan for your start-up.

• Traditional Business Plans

Traditional Business Plans is for businesses looking for an extra pair of hands. Whether you want to attract investors or simply outline your objectives, we can help.

• Grants Business Plans

Grants Business Plans will help you secure grants and funding opportunities for your business.

• Crowd Funding Business Plans

Crowd funding can be a great way to grow your business. With Crowd Funding Business Plans, we’ll help you secure the funding you need to grow.

• Bank Loan Business Plans

We’ll help you secure a bank loan for your business with Bank Loan Business Plans. We’ll create a professional business plan to help you impress the lender and instill faith in your business.

• Investor Ready Business Plans

Investor Ready Business Plans is the perfect solution for attracting investors. This service is designed to help you secure investment for your business, through compelling and robust planning.

• Non-Profit Business Plans

With Non-Profit Business Plans, we help charities and non-profits take the next step. We’ll use our extensive experience in the third sector to produce a professional business plan for your organization.

• Immigration Business Plans

Do you want to take your business overseas? We specialize in helping businesses start in the UK, and Immigration Business Plans will help you do just that.

• Franchise Business Plans

We’ll help you open a new franchise with Franchise Business Plans. Expand quicker and cost-effectively by opening a franchise with the help of our business planning experts.

• Expansion Business Plans

Is now the time to take your business to the next level? Expansion Business Plans was designed for businesses like yours. Take the next step with the help of our Consultants.

Wondering how to write up a business plan? Think we have the perfect solution for your business growth? Get in touch for a consultation and to find out how we can help today!