A written business plan is the foundation of your business. It is the roadmap that outlines your goals and how you plan to achieve those goals.
A good business plan includes a detailed description of the business, its operating environment and your services/products. Business plan should also include competitor analysis, financial planning, marketing plan and evaluation of the profitability.
A business plan is needed when applying for startup grant or bank loan. It's a good idea to update your plan regularly, even after your company is set up.
You can use the following business plan and calculations: