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If you're about to start a new business or make major changes to an existing business, you need a business plan.

Why? Well, in the first place because most banks, lenders and grant-givers require projects to have one. Even if you're not looking for financial support, a well-researched business plan will put you on a realistic path toward success. If you're planning to run a childcare business – whether private, voluntary or statutory – you’ll need to develop a business plan.

Writing one is nothing to be scared of – a business plan is a simply a set of information that says: 

  • What you want to do 
  • Why you want to do it 
  • How and when you intend to do it
  • Who will be involved?

Even the process of creating a business plan is useful. It will help you to think your ideas through and, once you've written the business plan, it will act as a road map that shows you the way forward and the obstacles – such as a lack of money or the need for new staff or premises – you might meet on the way.

That said, all business plans are slightly different. Some lenders might ask you to provide a plan following their own format, while others will be happy with any format, so long as all the information is presented clearly.

The following headings below are a guide to the information that lenders and grant-givers will be looking for.

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Disclaimer

Whilst every effort has been made to ensure the accuracy of the information provided in this directory, we do not accept any responsibility or liability for any errors that have occurred. It is recommended that you always check with providers that their service or organisation meets your requirements. We offer an impartial service and we cannot recommend or endorse any providers listed.

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