The original business plan that Kirsty found was quite complicated because there was a lot of text describing each section as a 'useful' tool but this just seem to cause more confusion. Upon conducting more research Kirsty found this other business plan from Barclays that was a lot simpler to understand and very first time business owner friendly. It tells you what to put into each section and sometimes gives you examples, it also sometimes breaks elements down into tables which makes certain aspects a lot easier to understand.
We used the above business plan as a template for our own and Kirsty was able to put this together based on the research we had conducted. Our personal business plan gives a breakdown of every aspect of the business idea and where we hope the business will travel over a period of time. It also gives a break down of costs and has helped us understand exactly how much money we will need to get the business going and to help it survive over time. The idea of the business plan is that someone who is completely unfamaliar with our business can pick it up, read it and understand every single plan we have and how we hope to survive as a new business.
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