Put simply, it’s your company’s strategic blueprint and if done well, it can help you secure partners, investors, grants, loans or other funding.
Something that can also help your planning is a Business Model Canvas.
Without shop staff or call centres, customers are likely to look to social media to engage with your brand and ask for help. We’ve included detailed guidelines on the type of information you might want to cover in our free online retail and ecommerce business plan template but typically such a document would cover the following sections: If you need help with your finance section, take a look at our guide page on how to get more accurate figures for your business plan.
With time, your business and the marketplace it operates within are bound to change, and the idea is for your business plan to reflect this.
It is a handy tool to help you build out your business plan.
Want to turn your business into one that's flexible, efficient and doesn't confine you to the office?
There are lots of different ways you can sell products online, including online stores, ecommerce-enabled blogs, seller marketplaces, online auctions and social media sites. To impress visitors, it needs to look great with clear calls to action.
The explosive growth of ecommerce and the fact that it’s relatively easy to set up an online business means competition is stiff. It should also be informative, easy to find and simple to navigate.
Explain the fine detail here, the real background to your business.
Some of the things you should include are: You should also include some constraints - what could go wrong? - but keep these simple, so as not to give a potential investor or bank manager the impression yours is a high-risk business.