A business plan explains your businesses goals and outlines how they will be achieved.
If you're applying for a grant or finance, you must have a business plan as part of the application.
When to do a plan
You should write a business plan before you start operating.
It can be tricky to do if you're still in the planning stages. But you can amend your plan as your business grows and changes.
Review your plan regularly and update it as needed.
Even existing businesses may benefit from putting a business plan together.
What to include
In general, a plan would usually include:
For assistance putting together your plan, talk to:
Existing businesses may be eligible for the Business Growth Program. This program provides funding for existing businesses to work with business consultants.
Contact a Territory Business Centre to find out what help you might be eligible for.