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FAQs
A business plan helps provide a framework for how your business can be structured, led and grown. It considers the key factors that have an influence on your business externally and what you need to do within the business to drive success.
In short, yes. Knowing what you are doing in your business and why is really important to ensure you take your business in the right direction that will help you succeed. Understanding the factors that will lead to or hamper your success can help you navigate growth. If you are seeking investment or a bank loan it is usually an essential requirement.
A good business plan will help you to shape your business and the majority of the decisions you take. It sets out your goals and outlines the targets you set yourself to achieve success. With a business plan you will be clearer on your vision and your direction of travel. This is important for your team and possible investors too.
Ideally you, as the business owner/founder of the business should write the business plan but there are many reasons why this may not happen. Often, the founder of the business can get too tied up in the day-to-day and be time-poor. It can be helpful to hire an expert to challenge your assumptions and structure and develop your plan as they can bring objective insights and facts into the plan. This is where we at Growth Guru come in.
Having an expert help you develop your business plan can make a massive difference. Business plan writers and advisors have a wealth of expertise in undertaking market research, developing business models and doing financial analysis and helping to structure the plan in ways that others (such as investors) might want to see it. We provide that expertise.
