Creating a Buisness Plan for Nature Friendly Products

Thu, 03 Apr 2008 12:15:27 GMT

The next step to starting my business was to create a business plan. This was essential to establish if the financial or charitable reward is worthy of the effort of creating and running a business. It was also important to establish the level of up-front investment required.

I searched around for business plan templates and found a really good one on my favorite template site: Microsoft free templates.
This Business Plan template I used was easy to follow and included step-by-step instructions. This was really useful. Two other sites I visited while writing my business plan were: Companies House and Business Link. These sites also have great resources for creating a business plan.

Over a four week period, I worked on my business plan. It takes time to document your ideas, research the market, estimate the level of investment, and sales figures. I found estimating sales figures to be the hardest thing to do.

In addition to my business plan, I also added additional spreadsheets such as: Start up costs, and break-even analysis to further understand the level of investment commitment required for this business.

If you have a business partner, it is important to sit down early and often to discuss all areas of the business plan.

The Nature Friendly Products Ltd. business plan, contains an additional section evaluating the environmental impacts of the business.
'Helping every home go green' is the motto of the business. This rings true from the core of the business plan, its partners and into the change in customer's homes. Part of the plan is creating change in ordinary homes, rather than selling washable kitchen cloths, microfibre dusters and microfibre cleaning cloths.

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Nature Friendly Products: Creating a Business Plan

Creating a Buisness Plan for Nature Friendly Products