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There are two types of Business Plans:

  • Internal Business Plan: Solely used as a business tool for management purposes to set out clear objectives for the business and to highlight future possible developments within the business.
  • External Business Plan: Used to raise finance, to value a business for sale or purchase, to find or retain a business partner, or establish a strategic alliance with other businesses.

The Business Plan is a Management Tool irrespective of business size and serves four critical functions:

  • It helps to clarify, focus and research the development of the business.
  • It provides a framework for the business strategy to be undertaken in order for the business to develop.
  • The document can be used as a basis for the discussion with third parties who have either a potential or an existing interest in the business such as shareholders, banks or other investors.
  • It sets goals and objectives against which actual performance can be measured and reviewed.
  • If you are seeking outside support, such as finance from a bank or financial institution then this plan is probably your most important Sales Tool that you will ever produce.

To find out more about how we can assist you with your business and further enhance your idea, contact Bizco Business Consulting on e-mail: info@bizco.co.za or you can fax us on 086 517 9360 or contact us on Tel. 082 417 8003.

Find a list of available plans here

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