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Find: Programs and services to help reach your goals (AAFC) Summarize your company’s achievements and plans for growth.Describe any company strengths and weaknesses, opportunities and any significant changes that could impact the operation.
Below we have described the components of a business plan and provided you with worksheets for each.
You can also download TEF's template for writing the business plan; this template must be used by applicants to TEF's Business Plan Competition.
Here are 10 things you should include as well as some resources to get started. Include: who you are, what your business does, future business plans and how you will be successful.
Also, summarize your current financial state and future needs.
A business plan is an indispensable road map for your business’ success.
While many entrepreneurs only write a plan in hopes of securing financing, smart entrepreneurs invest the time to create a plan that can take their business into the future.A business plan is a key tool that can set you up for business success.It helps you focus on your goals and provides the answers you need to make your financing and loan process easier.How will failure affect your parent organization and your participants? It includes a sales forecast, cash flow forecast and 3-year budget.It is based on your marketing plan, operations plan and human development plan.The ownership, legal structure, management and systems your enterprise will have.The results of your feasibility study, showing both the primary and secondary research you have conducted into your idea and including a detailed competitor analysis.You’ll also need to identify key employees, benefits, labour policy and a succession plan (if applicable).Use: Agri HR Toolkit (Canadian Agricultural Resource Centre) For existing businesses: include financial statements from the past five years and a monthly cash-flow forecast covering at least 12 months.Click here for more information and worksheets on market research.A marketing plan covers the “4Ps” of marketing: product, price, promotion and place.