Help You Write a Winning Business Plan

Writing a business plan is one of the most important things an entrepreneur must do when starting a new business. However, writing a compelling business plan is easier said than done, particularly when time can be so precious. This article outlines the key resources available to UK entrepreneurs when preparing a business plan. Use them for assistance with the writing of the plan, as well as for understanding the implications of certain business decisions you make in the process, such as those regarding corporate structure, sources of funding, and more.

1. Business Plan Pro UK software

Business Plan Pro is the best-selling business plan software available for several reasons. It is easy to use, saves time, and has over 500 sample business plans to get you started. It also provides a structure whereby you can complete a plan in a methodical manner, while enabling you to benefit from a helping hand at every step.

Where: Business Plan Pro is available from www.paloalto.com/uk
Cost: RRP is only £79.99 for the Complete version and £129.99 for the Premier.

2. Business plan competitions

Numerous business planning competitions are taking place in the UK at any given time. These competitions test a wide range of skills that are often neglected by entrepreneurs. By producing a credible business plan and presenting your case persuasively, you will significantly enhance your ability to secure funding. These business plan competitions are an invaluable resource enabling you to road test your business plan in a safe environment before submitting the plan to potential investors.

The main advantages of submitting a business plan to a competition include:

  • Tap into Increased Support for Entrepreneurs in the UK
  • Obtain Critical Independent Analysis of Your Business Plan
  • Gain Access to Mentors and Networking Opportunities
  • Improve key Transferable Skills, e.g. Presentation Skills
  • Enhance Your Understanding of What Investors Want