Business Plan

A Business Plan is a systematic review of a business idea, the basis for the idea and how it should be implemented.

Business Plan

What is a Business Plan?
A business plan is a systematic review of a business idea, the basis for the idea and how it should be implemented. A business plan functions as a roadmap for your enterprise because it outlines the goals, details how you will organize day-to-day operations and plans to achieve those goals through clear procedures. Remember this – “Successful entrepreneurs leave as little as possible to chance”. Plan for every eventuality.

It is also a great way to introduce your business to potential investors, customers and suppliers so they have a clear understanding of your business and future plans.

Why is a Business Plan crucial?

  • Defines your long-term outlook

  • Solidifies your ideas by having them put down on paper

  • Increases the likelihood of success

  • Determines the connection between:

    • Required resources

    • Product/Service

    • Market

    • Customer base

Who to have in mind when writing a Business Plan?

  • Business owner(s) and business partners (if any)

  • Anyone who is interested in your business – suppliers, potential investors etc.

  • State, county, municipality

  • Employees

  • Customers

  • Lenders

Plan for success right from the start with these seven business criteria. Etableresenteret can help you with this.

  • A clear description of the products/services offered by your company, follow-through plans for developing your business idea.

  • Analysis of the industry market, customer base and competitors, and the development of your market profile.

  • Developing your company´s sales goals, strategy for marketing your product/services and budget.

  • Find the optimal company location, production, requirements and ensure a good ledger of goods and products.

  • Determining the form of company incorporation (ENK,AS), employees, and accounting and tax (MVA) requirements.

  • Financial and accounting set-up, liquidation budget and day-to-day financing.

  • Your long-term goals

Useful links
Etableresenteret www.etablerersenteret.no
Brønnøysund Register www.brreg.no
Norwegian Customs www.toll.no
Altinn www.altinn.no/en
Skatteetaten skattetaten.no
NAV www.nav.no/en
Labour Inspection Authority www.arbeidstilsynet.no/en
Laws and legal requirements www.lovdata.no
Innovasjon Norge www.innovasjonnorge.no/en
Official website https://www.norge.no/en