A business plan is essential to make sure your project will be financially viable in the long term. It is usual to prepare a plan for 3 or 5 years.
A Business plan is more likely to be successful if it is succinct, focussed and based on good up to date information, supported by professional advice.
Some aspects of the business plan will have been considered as part of the initial assessment of the project - setting project objectives, considering the viability of the proposal from the point of view of supply and demand.
Before writing a detailed business plan it is helpful to be clear about the overall parameters of the plan both in relation to the asset project and the organisation (whether new or existing) that intends to take ownership of it. This will help decisions to be made on the specific content of the plan, its quality and format and the level of detail needed.
The menu options on the left gives links to information on how you should approach development of the business plan and why it is necessary.