Description of Challenge
Many businesses fail before completing the first 2 years of existence, often becuase of a lack of clarity relating to purpose, structure, management and overall planning.
“If the plan doesn’t work, change the plan not the goal.” Author unkown.
Solution
Business Plans are useful for start-up or existing businesses, profit or non-profit organizations.
A Business Plan can be as simple or as complicated as desired.
The main aim of a business plan is to create a clear view of the objectives of the business and how to attain them. This will ensure that everyone who is collaborating with its implementation has a clear view of the direction.
There are many examples and templates of Business Plans online. Pick the one you feel is most appropriate for your organization.
Here are some topics that are usually part of a Business Plan:
Background
Objectives
Products and Services
SWOT analysis
Supply chain Analysis (if applicable)
Environmental impact analysis (if applicable)
Schedule, with main milestones
Funding and/ or Financial analysis
Social enterprises tend to be resource-constrained organisations, so they can particularly benefit from a business plan to communicate effectively with their stakeholders.