Business plans are a must have for any new business. They are useful tools to help organise and predict future outcomes and results. They can also be used to pitch to potential investors. Knowing how useful business plans are; it is now time to start writing one up for your own business.
It should include a market research that identifies your competitors, their share of the market and the range of the products they produce. By learning how they conduct their operations, you may learn tricks of the trade in the business you want to enter and you also get to have a basis on what you can do to excel.
Never start with paid campaign strategies until you get a good grasp of keyword research. Do things in their proper order and do each of the steps properly so that you can get the high rankings that you want in search engines.
Outline any competitive advantages that you may have. Do you have any catering business qualifications or skills? Have you have experience in the hospitality industry? Do you have existing relationships with suppliers or prospective clients?
full business plan example
business plan definition
one page business plan template