Starting your entrepreneurial journey

Each month we will be adding resources to helping you along your entrepreneurial journey.

Where else to start that a good foundation... Your Business Plan.

What is a business plan?

Its is a written document that describes your business. It sets out the objectives, strategies, sales, marketing and financial forecasts of your idea and how you plan to make it into a viable business.

It is a great way to:

  • clarify your business idea and share the vision with others including potential investors
  • spot potential problems and work out how to overcome them
  • set out your goals and outline your business growth over the next 5 to 10 years
  • measure your progress from year to year

Personally I would recommend writing your plan yourself, whilst there are a number of resource that you can outsource this to, no one knows your business idea better than you and it will be you that will need to explain it to a investor!

Key areas of your business plan.

Business Idea - your business description and your personal profile of experience and motivation
Market Research - including all your research! Desk, field, competitors and industry

Marketing Mix - USP, product/service, price, marketing and promotional strategy

Finance - once you have all you information you will be able to work out the costing

Seems like a lot, but if you take each section a step at a time you will be able to create a great business plan.

For more information and assistance you can contact:

Contact Us

0795 145 9297 | BB pin: 28B72B47

Ebony Inspired

A Black Entrepreneurs Network hosts a monthly networking event for Black Professionals, Innovators and Entrepreneurs from all industries.
Chantell Simone Graham

Founded by female entrepreneur and all round "Bosslady" Chantell Simone Graham.

 

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