Ken Poonoosamy Editorial for budget newsletter 2023/24
2 Juin 2023
The business plan remains undeniably the most important tool Entrepreneurs can be equipped with. A good business plan should be blueprint on how they have planned out their businesses while demonstrating the feasibility and viability of the project.
It is important to note that a business plan opens access to finance, negotiate collaborations or strategic partnerships, convey information to suppliers, clients and allows business owners to avail from the wide array of grants or incentives offered by the Government of Mauritius.
You may download a simple business plan template by clicking the following link
It is advised that the entrepreneur prepares the business plan based in his/her experience, and then obtains professional advice for improving the business plan. SME Mauritius offers free guidance on the preparation of a business plan.
A business Plan in an extremely important document for any entrepreneur. It shows the motivation and the desire of the entrepreneur to start an enterprise. The business plan also displays the way that the entrepreneur will execute business activities. For instance, the business plan reveals information about the location, key components of the business activities, profile of the entrepreneur the marketing and the financial plan of the entrepreneur. Banks require well developed business plans as one of the key inputs to provide finance.