A business plan is a very fundamental document that will remain useful throughout the course of your business journey. This is because your business plan can help take your business from its present state to its desired destination or future by guiding you one step at a time. In simple terms, a business plan is an essential road map for business success that projects 3-5 years ahead and outlines the route a company intends to take to grow its revenue base.

Having a business plan is not just for the startup stage of a business but a continuous process as it helps to keep you organized and on track. Also, in Nigeria, like with most places in the world, most interested investors and institutional partners would typically request for your business plan before engaging in any meaningful discussion.

Now that we know the importance of a business plan, the question that follows is "how do I write my business plan". Here are 10 tips to guide you:

Conduct a Thorough Research. The very first is to have a good understanding of the business space you are venturing into through a good market research. Ensure you gather sufficient knowledge and you understand your market, your to continue visit www.msmehub.org