Planning in Business

Before any detailed work commences on writing a comprehensive business plan, we should:

• Clearly define the target audience
• Determine its requirements in relation to the contents and levels of detail
• Map out the plan's structure (contents page)
• Decide on the likely length of the plan
• Identify all the main issues to be addressed
  

When looking around for business ideas, bear in mind that these could be based on any of the following approaches:

• A manufactured product where you buy materials or parts and make up the product(s) yourself.
• A distributed product where you buy product from a wholesaler/MLM, retailer, or manufacturer.
• A service which you provide.