What is a business plan and when do I need one?

The business plan is the most important planning tool for your business. In it, you think through the future of your company in a structured way and get an overview of your most important goals, milestones and challenges. But your business plan is even more than just an aid to thinking. With a well-developed and realistic business plan, you can convince your financiers of your idea and pave the way to the capital you need.

In addition to the timing of your start-up, we recommend that you prepare a business plan whenever you want to change your business. Examples could be the introduction of a new product, the development of a new market or the succession of a company.

If you are writing a business plan for the first time, we recommend attending the IFJ’s business plan course. You can find more information about the course here.

Still have some questions? Back to the FAQs

SIMILAR FAQs

Payments on account

1. Option Mention in the introductory text that…

Why can't I edit my invoice anymore?

You want to edit an invoice, but an…

How do I handle with discounts on my invoices?

This post does not yet exist in English.…