A business plan sets out key objectives, priorities and strategies for your business and is required to raise finance for your enterprise. Find out more about business planning, the key features for a successful plan and how to continue the momentum once the business plan has been written.
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Do all business plans provide a recipe for success?
Every business owner needs an 'informal' business plan to maintain business focus and manage day-to-day operations. A formal business plan becomes necessary when seeking funding or investment. Thayn Niemand explains how to write both types.
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Writing a business plan
The purpose of a business plan is to outline the strategy and actions needed to get the business to where it wants to be. This briefing outlines the key issues to consider when putting together a ‘typical’ business plan.
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users.
How to write a business plan: creating success
Finch, Brian (Kogan Page, 2013)
This book is designed to lead you through writing your own business plan. Contains chapters: the structure of the plan; summary; the business background; the market; operations; management; the proposal; the forecast; financial information; risks; legal issues and confidentiality; selling your business; improve performance with a business plan; and using business plans for bidding.
How to prepare a business plan (The Sunday Times Business Enterprise Series)
Blackwell, Edward (5th ed. Kogan Page, 2008)
"Starting a new business venture is like going into a tropical forest on a treasure hunt. There are rewards to be won, in both material wealth and in personal satisfaction, but there are dangers lurking and you can easily lose your way. This book is written not only to help you convince your financial backers that you will succeed and come back with a bag of gold, but also to help you write your own guidebook for the journey."
Making the business case: Proposals that succeed for projects that work
Gambles, I. (Gower, 2009)
"This is a hands-on guide to producing an outstanding business case. It is written for anyone, novice or expert, who needs to get a business case done, whether for a defined project or a broader programme, and wants to do it right. Before you can get stuck into the task, you need to understand the idea of the business case, why it is so prevalent, and how it is being used."
Briefings are four-page guides from Atom Content Marketing written for the busy practitioner, director and entrepreneur providing concise, practical advice on core business issues.
Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.
The ICAEW Library & Information Service provides access to a range of articles in full text from leading business, finance and management journals. This resource is available to ICAEW members, ACA students and other entitled users.
You will need to be logged-in to the website to gain full access to the range of articles available online.
How to write a business plan: creating success
B.Finch (Kogan Page, 2013)
This book is designed to lead you through writing your own business plan, including the structure, business background, proposal, financial information and using business plans for bidding.
The business plan workbook
C.Barrow (Kogan Page, 2012)
The Business Plan Workbook is the essential guide to all aspects of business planning for entrepreneurs, senior executives and students alike. Based on methodology developed at Cranfield School of Management and using successful real-life business plans, The Business Plan Workbook brings together the process and procedures required to produce that persuasive plan.
How to write a great business plan
W.A.Sahlman (Harvard Business School Publications, 2008)
Shows how to to avoid common mistakes. Includes sections: the people; the opportunity; the context; risk and reward; the deal and beyond; beware the albatross; business plans- for entrepreneurs only?; who are these people anyway?; the opportunity of a lifetime- or is it?; visualizing risk and reward; and a glossary of business plan terms.
Free sample business plans
A large collection of free sample business plans from bplans.com for a wide variety of business sectors. Each plan outlines the following sections: executive summary, objectives, mission, keys to success, company summary, products, market analysis summary, strategy and implementation summary, management summary, and financial plan.
Prince's Trust business plans
The Trust's 'Where to start' section provides a business plan template (Word and pdf format), plus business plan financial tables (Excel format).
FormSwift sample business plans
Free sample plans for five sector categories: bakery, restaurant, salon, personal training and trucking. Each plan includes an infographic and outline of the core elements of a successful business plan.
The British Library's Business and Intellectual Property (IP) Centre incorporates services and information on business planning, including a wide range of essential information to help you plan and grow your own business.
Business plans: A practical how-to guide
An AccountingWEB article from September 2014. Robert Lovell runs through some basic pointers on putting a plan together.
Prepare a business plan
Practical advice on writing business plans provided by the UK Government website.
Business plan guidance
Practical guidance published by the Consultative Committee of Accountancy Bodies – Ireland (CCAB-I) and the Irish Banking Federation which is 'designed to facilitate the use of a common approach, framework and language in the preparation of business plans and raising of bank finance'.
Business planning guide: Practical application for SMEs
Publication by the IFAC Professional Accountants in Business Committee aimed at owners of small and medium entities (SMEs). It offers practical guidance and discusses the concepts and techniques of writing business plans, provides a business plan checklist and gives an example of a business plan.
BT Business Insights
Useful website providing information on a wide range of business services for starting, running and growing small businesses.
The business planning section of startups.co.uk includes information on what a business plan is and what it should cover. The website provides news and information to get your small business starting.
Writing a business plan: The basics
This website from SmallBusiness.co.uk provides useful resources, products and services for small business owners and start-ups, including guidance on writing a business plan, business plan do's and don'ts and a checklist to ensure your plan includes everything it should do.
If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at email@example.com.