by Rob Cadwallader, BJ Dixon Walsh.

SMALL business owners seeking to obtain finance should ensure that they prepare a robust business plan and be able to demonstrate an understanding of key areas of their business's finances, according to advice released by the Federation of Small Businesses (FSB) and the British Bankers' Association (BBA).

A good business plan will communicate the key points of your proposal clearly and concisely.

It will demonstrate that you understand your business and your profit margins, you have accurately assessed your borrowing requirement and have a credible plan to repay the debt We know what is the key information that investors will look for and how best to present this information.

If you want help writing a customised and credible business plan or alternatively would like us to review an existing draft and suggest improvements, please contact me for a free initial consultation.