Learn how to create a business plan!

Welcome to the Bookkeeping Master's course on business planning.

 

This course is for free and covers the basics of creating a business plan. You will learn...

1. the basics of business planning

2. how to create a simple business plan

3. various forecasts and projections

4. various business planning tips and insights

To start the free online course, please use the links below...

Business Planning Course - Part 1

Introduction

Course Overview

And more...

Business Plan Course Part 1
Business Plan Course Part 2

Business Planning Course - Part 2

How to create an Expenses Forecast

Business Planning Course - Part 3

How to create a Sales Forecast

Business Plan Course Part 3
Business Plan Course Part 4

Business Planning Course - Part 4

How to account for Assets & Liabilities

Business Planning Course - Part 5

How to create a Cash Flow Forecast

Business Plan Course Part 5
Business Plan Course Part 6

Business Planning Course - Part 6

How to create a Projected Profit and Loss Statement

Business Planning Course - Part 7

How to create a Projected Balance Sheet

Business Plan Course Part 7
Business Plan Course Part 8

Business Planning Course - Part 8

How to write a Business Plan

Do you need a business plan?

The Bookkeeping Master provides full business planning services, which include sales, expense and cash-flow forecasts, and projected profit & loss statements. 

To learn more, visit the Bookkeeping Master's business planning services page - click here

Business Planning - Key Points

What is a business plan?

A business plan is a set of strategies, projections, forecasts, goals, and ambitions for a business or company. It details crucial financial information about the business, as well as detailed market research. 

Why do you need a business plan?

There are many key questions that you need to answer before starting a business. These questions could include... 

- Is my business idea profitable?

- How much cash will I need to run my business?

- How much is my business going to cost me?

- Will much will I need to invest in my business?

- How will I attract investors?

- How will I attract customers?

- How will I beat my competition?

- What is my marketing strategy?

- How much should I charge for my services or goods?

All of these questions, and many more, will be answered in a detailed business plan. 

It may sound cliché, but the saying, 'if you fail to plan, you plan to fail', summarises the importance of business planning. If you want to give your business every opportunity to succeed, then get a business plan! 

You will also need a business plan if you require a bank loan or wish to attract investors. 

What should a business plan include?

A business plan usually covers at least 12 months of projections, forecasts, research and goals.

The plan is usually split into two parts; the business plan financials and the business plan notes. 

The Financials

This includes... 

Sales Forecasts

Expenses Forecasts

Cash Flow Forecasts

Projected Profit and Loss Statements

Projected Balance Sheets

Other Financial Analysis and Projections

The Notes

This generally includes...

Information about the business, such as the business name, address, company structure, and company organisation

Results of Market research

The businesses marketing strategies 

Business goals

If you need help developing a business plan, get in contact