Business planning is an essential component of any successful business but it is often overlooked due to pressures of day to day work. A well considered and constructed business plan can help you safeguard your own investment, focus your efforts, ease external financing problems and provide you with a yardstick against which to measure your progress. Ongoing business planning means that you can monitor whether you are achieving your business objectives.
The key benefit to business planning is that it gives you the opportunity to stand back and review your business performance and the factors affecting your business.
For further information on how to draft a business plan please visit Business Lincolnshire, download the Business Lincolnshire Business Planning factsheet [pdf / 165 KB], or watch the Business Lincolnshire business planning video on YouTube.
Further support on Business Planning for established businesses is available from the Business Lincolnshire Growth Hub advisor for West Lindsey – Harry Haslam. You can contact Harry on 07825 426763 or by email to harry.haslam@bizlincolnshire.com.
Business Lincolnshire's Start Up Academy
If you are new to business and working to transition from business idea to active business then further support around start-ups and early stage businesses is available to you including business plan creation. West Lindsey businesses can access fully funded advice and support from Business Lincolnshire’s Start Up Academy delivered locally by NBV Enterprise Solutions professional Start-Up Business advisors.
What can a business expect by working with a Start-up Business Adviser?
A Start-up Business Adviser has a genuine interest in supporting pre-starts and early-stage businesses and the ability to use their own experiences across a range of specialisms.
They possess an in-depth knowledge of the business support landscape and the ability to advise individuals and businesses on the range of options as well as having excellent mentoring and coaching skills. Support includes:
- start-up business plan creation / complete financial templates to assess viability
- support to access finance in the forms of grants, loans and investment.
- offering mentoring and coaching to help a business start, survive, adapt to change
- providing support on the business planning processes to aid growth
- giving advice on business improvement techniques
- advice on digital adoption/marketing
- introducing businesses to networks and associates
- supporting businesses to reduce their energy use and carbon footprint
Support is available via telephone, online, and face to face.
Additionally, NBV Enterprise Solutions deliver a 2 day programme for individuals at pre-start stage taking you through all the nuts of bolts of setting up in business.