You can click, here, to read “What is a Business Plan, Who Needs one and Why, Benefits” for detailed insight that will help you assess your needs and understand which is the effective Business Plan for your particular needs.
It is important to keep in mind that a Formal Business Plan, amongst other cases, is needed both for Existing Businesses and Start-ups for:
- Securing a Business Loan
- Searching for Investors
If a Formal Business Plan is required in order to satisfy your specific needs, it is important for you to study and understand what the necessary content should be, bearing in mind that the content should be adjusted for your target audience and the purpose of your Business Plan.
Below you can see the different Sections included in a Formal Business Plan and read in detail what is included in each section, depending on its use and the target audience.
Whichever type of Business Plan is required to serve your specific needs, it could be a brief (Summarising) Abbreviated Business Plan or a Formal Business Plan, studying what each Section of the Business Plan involves will help you understand the analysis that needs to be performed for each Section. You should remember that, even in a brief Abbreviated Business Plan where the information recorded is summarised, the analysis steps must be followed in order to obtain the information that should be recorded in your Business Plan.
Given the opportunity you should know that for Existing Businesses, with a period of activity of more than 2 years, operating in eligible sectors of the economy (Services, Manufacturing, Tourism, Construction, Commerce, etc.), which in their efforts for further improvement and business development need to develop a Formal Business Plan, we can help you utilise the "Small Business Support Programme in Cyprus" Programme provided by the EBRD. The Programme provides 65% Grant (not loan) (up to 70% under certain conditions) of the net development cost.
Contact us for support in assessing your Business Planning needs, and for the Preparation and Implementation of the appropriate Business Plan for your enterprise.