Write a Business Plan for setting up a business of your own, including a budget and cash flow forecast. this
should build upon the formative work developed in my Business Model Canvas assessment which i will
attach.
My Business Plan should include the following sections:
• Mission statement
• Business description
• Business environment analysis
• SWOT analysis
• PEST analysis
• Industry background
• Competitor analysis
• Market analysis
• Financial plan
Financial Plan details:
• What funding do you need to start this business?
• Where you will look? (Loans and funding, banks, business investment ̧ bursaries, charitable
donations.)
• Include budgets and first year forecasts, projected profit/loss accounts, balance sheets, cash
flow estimates
What type of Business will this be? What is the company’s legal entity?
• Sole Trader
• Partnership
• Ltd
• Unincorporated Organisation
• Charity
What legal requirements will you need to consider?
• Personal Licence
• Premises Licence
• Gaming and Gambling Licence
• PRS / PPL
• Employment Law
• Health and Safety
• National Insurance
• Tax
• VAT
• Corporation Tax
• Insurance
• Public Liability, Building, Equipment etc.