Starting a business? How to use the one-page business plan

Aug 8, 2018 · Guest post from Sage

Creating a plan for your startup is a necessary step in order to clarify the business’ goals and objectives. It can be a vital tool for securing funding from investors and may help you identify potential problems before they occur.

According to research from Barclays, one in four UK business don’t set aside the time to create a plan, meaning that they lack a proper growth strategy. This is where the Business Model Canvas could help. Created by Swiss business theorist, author and consultant Alexander Osterwalder, the BMC serves as a strategic tool for simplifying the planning process. The canvas is a clear template that allows entrepreneurs to plan in a highly visual way. Due to its usability, the BMC encourages business owners to evaluate how each piece of the business fits together. While it is recommended to create and maintain a full plan, the canvas can be used as a supplement containing the core structure and objectives of your business.

Accounting software expert Sage has created a handy guide to how startups and growing business can benefit from the Business Model Canvas. The visual also includes tips on filling in the template with relevant information.

Sage guide to using a Business Model Canvas

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