How do you write a business plan? Ask the expert



I am thinking about purchasing a franchise, but have never run my own business before, how do I draw up an effective business plan?

The business plan is a critical stage; not only for you to understand your own business, but to gain finance from the bank, if required. There are basically three routes. The first is to do your own research. There are
a number of business resources which help with this area, but it is not going to be specific to franchising. The second is to speak to the franchisor. Some have put together guides and templates which can be
used to build the final plan. The third is to speak to one of the banks who have specialist franchising departments (Lloyds TSB, HSBC & NatWest RBS). All three can help advise with this and may even be able to
provide a pack for you to work from.



4 comments

  1. Anonymous says:
    19/10/2009 at 12:00 am  

    I have been made redundant. The company taking over us have broken all the rules of good business practice. We are currently suing. This is a very difficult time for us all. Fearful for our futures, we endeavour onwards with the hope that we will be treated fairly at SOME POINT!!!

  2. Anonymous says:
    15/05/2012 at 12:00 am  

    This article has some useful information, but what often gets forgotten is the effect on the family and how to tell the children what is happening – there are some more useful tips on coping with redundancy at http://www.lasthousewifeinengland.co.uk

  3. Anonymous says:
    21/01/2014 at 12:00 am  

    The company I work for are making 2 guys redundant, and replacing them with one higher calibre person to do the same jobs. When I said I could not manage without them I was told this, "but keep it hush hush". I feel a right heel.

  4. Anonymous says:
    10/11/2014 at 12:00 am  

    So you should re: feeling a right heel. This is clearly unacceptable and by paying 2 tax free redundancy payments when there is no redundancy would be something the tax man would be very interested in so no wonder you post as anonymous. I have to as I have not signed up but then again I am not saying anything which anyone would think would make me a heel. How can someone behave like this I do not know. Also put yourself in the role of one of the 2 being made redundant and think how would you feel.

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