Why Do You Need A Business Plan?
Mark S. Elliott has spent 25 years working in various management roles within the tenanted and leased divisions of the UK's largest breweries and pub companies. His extensive knowledge and day-to-day involvement with pubs and publicans make him well qualified to know what is required to run a successful pub. He shares his knowledge and many 'insider tips' with you in this book. Mark is based in Cockermouth, Cumbria.
WHY DO YOU NEED A BUSINESS PLAN?
There are several good reasons why you should take the time to prepare a business plan for your pub.
- The process of putting together a business plan means you must undertake research and consider all aspects of the business. This results in you gaining a greater understanding of the business.
- A well-prepared business plan is essential for raising some types of finance. A good business plan will give lenders confidence in you and your business.
- Breweries and pub companies may require a business plan as part of your application for a tenancy or new lease. An impressive business plan will give you an edge over other applicants.
- A business plan keeps you on track when you are operating the pub. It will enable you to plot your progress and can be a great motivator.
