When people think about business plans they think of some massive leather bound document only pulled out when you see the bank manager looking for funding. But in truth there as many other reasons you should have a business plan, even if it’s a basic one.

A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.

A business plan helps you to:

· clarify your business idea

· spot potential problems

· set out your goals

· measure your progress

A business plan is the blueprint for your business. Starting a business without a business plan is like building a house without a blueprint. Yet, unlike a house, a business isn't static. We often make the mistake of thinking of a business plan as a single document that you put together once when you're starting out and never touch again. But as the business develops, so should its business plan. In fact, any particular business may have multiple business plans as its objectives change.

About the host:

Robert Terry is “The Humble Entrepreneur.” He is an Entrepreneur, high level business mentor, and investor. He runs a group of successful business, Nationwide Ventilation, Nationwide Servicing, high level 1-2-1 business mentoring and has interests in property. He is also a ABA qualified boxing coach. And is also looking to invest in people and businesses.

Contact information:

Website: www.thehumbleentrepreneur.co.uk

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Website: www.robert-terry.co.uk