Download the Business Model Canvas...

The sheet is interactive so you can fill it in and print it out.

Find a guide to the sheet on page 3.

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WHY HAVE A BUSINESS PLAN

Attract lenders, investors and partners
Having a well-thought-out business plan increases your chances of attracting investors, lenders, or partners. It demonstrates that you’ve done your research, understand the market, and have a solid plan for profitability.

Improve decision-making
A business plan helps you make informed decisions by analyzing market trends, competition, and operational needs. With clear objectives and financial projections, you can make decisions based on data rather than guesswork.

Set milestones and metrics
It defines measurable milestones and key performance indicators (KPIs) to track your progress. This helps you stay on target and adjust your strategy when necessary.

Help with resource allocation
A well-prepared business plan ensures that you allocate resources efficiently, whether it’s time, capital, or human resources. It helps avoid over-investing in areas that aren’t critical to growth.

Reduce risk
By showing potential challenges and how you plan to address them, a business plan helps mitigate risks. It allows you to anticipate problems and proactively create solutions.

Guide marketing and sales
A business plan outlines your target audience, value proposition, and marketing strategies. This helps streamline your marketing and sales efforts, ensuring that they align with your business goals.

It’s a management tool
Business plans can be used by management teams as a reference for day-to-day operations. It gives clarity on roles, responsibilities, and priorities.

Credibility
A business plan demonstrates professionalism and commitment, which can enhance your credibility with stakeholders, customers, and investors.

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