If you don’t have a well researched business plan, you may still be able to start and grow a successful business – but it may never achieve its full potential. To do that, you need goals and a successful strategy that enables you to achieve them. Essentially, that’s what a sound business plan offers you. So, what are the key components of a successful business plan, how do you use it to grow your business and what are the classic business plan mistakes you need to avoid?

Nicola McKenzie, co-founder of AI-enabled business plan platform Venture Planner, provides the answers to these and other key business plan questions.

Show notes for the episode can be found on the Start Your Own Business podcast website. Find more help and advice on starting a business at Start Up Donut.

This episode is brought to you thanks to the support of Venture Planner. Designed to assist start-ups and small businesses, Venture Planner utilises the power of AI-driven technology for tasks such as market research, financial projections, and document generation, aiming to streamline the business planning process. Get a free trial and 10% off when you sign up with code DONUT.