A business plan describes your social business’s organisational, operational and financial structure that are directly linked to the overall purpose of the social business. It is a tool that allows for future planning, allocation of resources, marketplace identification and preparation for risks or opportunities that may arise at a later stage. It is a vital component for any social enterprise since it provides potential lenders and investors with a roadmap on how your business will operate, as well as how the goals and objectives will be achieved.
Business plans clarify the social business’s direction and future vision, help you attract financing and team members, as well as acts as a management tool to ensure the business is meeting its goals, sale targets and operational milestones.
Find our favourite list of sources to help you build a strong and credible business plan for for your social enterprise in Africa.