So who exactly should write a business plan?
Take a look below and see if your particular situation is listed here. If it is, then you may wish to seriously consider it:
- You have a new or existing skill that people are clamouring for
- You have an idea for a new product or service which you feel people need
- You see a gap in the market for a specialised service you want to provide
- You have valuable experience and want to break away from working for someone else to set out on your own
- You have been offered the chance to buy a portion of an existing business
- You have been offered the chance to partner with another business (on an ongoing contractual basis)
- You have been offered the chance to buy out another business entirely
- You wish to diversify your current business to provide a new service or product
- You wish to geographically expand the reach of your current business
- You feel you need to ramp up your operations because your customer base is expanding
- Of course, the above scenarios are broad and cannot cover all possible options but you will no doubt slot into at least one of these categories – and possibly several.