Business Profile

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Go to Business Plan Question

A business description allows you to get your ideas, plans and visions down on paper before you go any further. It is important to have a thorough understanding of what your business is, and the direction that you intend it to follow.

To help you develop your business description, you can brainstorm all of your ideas about what your business will be and the products and services you will provide to consumers. Some questions to consider when brainstorming include: 

  • What is the main purpose of your business?
  • What products and services will your business provide?
  • Who will be your customers/suppliers?
  • What will your role be within the business?
  • Does your business have future growth potential?
  • How profitable could the business become?
  • What will the business be in five years time?

The business description does not need to be overly extensive or detailed. It is mainly to provide an outline of what will be further explored in the business plan.

Build your Business Planning plan

Build your business plan by answering the questions below. A plan will automatically be generated based on your responses. Avoid changing your answers offline as they will not be saved to your profile.

Business Profile

Q.1 What is your business' trading name? Give Answer
Q.2 Are you starting a new business, buying an established business, starting a franchise, or are you an independent contractor? Give Answer
Q.3 Describe the ownership of the business. Give Answer
Q.4 Describe the products/services that your business will offer. Give Answer
Q.5 Where will your business be located? Give Answer
Q.6 Why is this location ideal? Give Answer