Business Planning: A Guide to Business Start-Up

Business Planning: A Guide to Business Start-Up

David Butler

Language: English

Pages: 288

ISBN: 075064706X

Format: PDF / Kindle (mobi) / ePub

A readable and structured guide for the increasing numbers of people each year who consider setting up a small business or becoming self-employed.

'Business Planning' outlines the options and risks involved in setting up a business. The importance of thorough planning is often overlooked and only becomes evident if the business fails. This is highlighted in a recent study by the SFEDI of 486 bankers and accountants where lack of planning was the most common reason cited as to why businesses fail. 'Business Planning' shows how to avoid this failure by focusing on the planning stage and building on this framework as the business develops.

This is the only book based around the Small Firms Enterprise Development Initiative (SFEDI) for first time owner-managers. It contains all the underpinning factual information required to prepare and present a successful Business Plan for presentation to a bank manager, or an alternative potential source of finance, or for use in an NVQ portfolio. It is in line with the major syllabuses for Business Start-Up, and can be used as a course book for anyone completing a formal NVQ level 3 qualification in this area, with tips on NVQ structure and assessment.

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use can start straight away. The change of use still has to be approved, and very often there will be specific planning conditions attached to the approval. For example, approval may be granted for a fixed period such as three, five or ten years, it may prohibit any structural change to the premises without further specific approval or it may limit hours of opening or public access. Building Regulations Whereas the planning regulations affect the use that can be made of premises, the Building

exceed permitted working hours; •   provide staff with paid leave for holidays, statutory sickness pay, paid maternity leave; •   pay staff for redundancy as appropriate, and give suitable notice to terminate employment; •   treat staff fairly and reasonably, particularly where dismissal is concerned; •   not discriminate against staff in any way. In return, the employer has the right to expect staff to: •   put in a fair day's work for a fair day's pay; •   observe workplace rules and

circumstances: 1  Was there sufficient reason for dismissal, i.e. was it fair or unfair? 2  Did the employer act reasonably or unreasonably in the circumstances? Staff appraisal There are still some managers who regard it as regrettable that the P45 has been superseded as the primary form of staff appraisal, and there are still some staff around for whom it remains the most appropriate method. In the past two decades, staff appraisal systems have become almost universal within large and

quality of presentation. You should aim to create an impression of professionalism in the way you present your proposals. The document itself should be prepared carefully, and should comply to certain basic minimum standards: •   The document should be bound in some form of flexible binding. Most high street stationers can offer a wide range of inexpensive transparent or coloured plastic bindings used for reports, dissertations and business plans. •   At the front of the business plan you

usually best to use either white, or a light coloured, paper for ease of reading and always use a good quality paper of at least 80 or 90 grams per square metre (gsm). Single spaced lines are quite acceptable, although it is a good idea not to make paragraphs too long. If you have word-processed the document, do not forget to use the spell-check, otherwise, proofread it carefully as, again, silly typing or spelling mistakes do not create a good impression. Spreadsheets and tables should also be

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