The essentials of writing a great business plan.
So, you’re ready to write your business plan.
First of all, congratulations on deciding to go into business!
The business plan is one of the first (and most important) documents to complete when starting a business.
Making it a good one is vital for many reasons.
Whether it is to apply for finance, attract a business partner or give you a clear path to achieving your business dreams, ensure that your plan achieves what you set out for it to do.
What needs to be covered in a business plan?
Executive Summary
The purpose of your Executive Summary is to make your business proposition understood by others.
Think of it as a short paragraph outlining what your business is and what it sets out to achieve.
Business Description
In addition to your summary, the business description should further detail your business’s purpose.
Here are some key questions to consider when writing this section.
- What are the products/services it will provide?
- What is its overall structure?
- How will it achieve the business goals?
Market Analysis
This section is dedicated to the research underpinning your decision to go into business.
It includes market, competitor, and customer research.
It may be helpful to use SWOT analysis here.
People & Processes
Outline the people and processes that will be used to run the business effectively.
Organisational charts and process maps are your friends when constructing this section.
Marketing Plan & Sales Strategy
How will you attract customers/clients?
In this section, describe the activities that will take place to attract customers to enquire and buy from you.
Financials
Reveal the financial goals and expectations of the business in this section.
This proves the financial viability of the business.
Profit and loss, cash flow and balance sheets are good models here.
How a franchise model helps your business plan
With a franchise business like Rosemary Bookkeeping, you have the support of a world-renowned franchisor and nationwide brand.
As a result, the stress of writing a business plan is massively alleviated as much of the content is pre-established.
Can’t think of a sales pitch? We can.
In fact, we already have.
With over 10 years of experience in what we do, our proposition (delivering friendly, local bookkeeping services to SMEs across the UK) is already set out.
As are our core services, the market, competitor and customer research.
Rosemary Bookkeeping’s systems for success have been tried, tested and proven to provide excellent results.
For example, with the average client value reaching £2100 p.a., you can achieve a yearly turnover of 135,000 and a gross profit of £70,000 by year 5*!
All while working to a model of flexible owner-operated working.
*Based on a figure of 64 cumulative clients by Year 5/+13 clients p.a.
Working with our dedicated team, you’ll have support in your operational, sales and marketing activities to ensure you hit the ground running and are on the path to continued growth and success.
This includes a comprehensive starter pack that contains all the marketing and branding materials you need to make a great first impression.
Including:
- Marketing and promotional materials
- Vehicle branding package
- Prospect Data List
- Fully bespoke and maintained website
- Ongoing PR, Social Media, and pre-launch local press support
- Pre-launch support from over 40 head office staff
As part of a franchise business, you’ll still be writing a business plan, but with the content and support behind you.
Don’t know where to start? We do.
There’s so much to get from a world-renowned franchisor.
Everything that we offer is to help you on your way to business success.
Whether that’s providing support with finances or giving you the tools for an excellent business plan.
See what we can do for you today by booking an intro call with our head of franchise sales, Emma Chappell, calling 0116 275 9000 or email franchisesales@servicemaster.co.uk to find opportunities near you.
