For most small businesses, the plan does not have to be an overly complicated document. However, even a simple business plan does take time and effort to put together. Certain information is required to make the plan worthwhile.
There are many options for structuring your plan. The 14 heading format presented here has been designed according to recommendations from the Consultative Committee of Accountancy Bodies - Ireland (CCAB-I) and the Irish Banking Federation.
Therefore, by following this framework, you will be meeting the requirements of most financial institutions as regards what they expect to see in a business plan.
You'll be covering a total of 14 sections in your business plan, each of which will be laid out in more detail in the following steps.