A business plan is your road map to success. A good plan allows you to research and become an expert on your industry, services and products. A plan can also help you to clarify your operational and financial goals and your marketing strategy. Last but not least, your business plan is an essential document when seeking loans and other financing with Co-op bank. The key components of a good business plan include, but are not limited to:

 

1. A Statement of Purpose
2. An Executive Summary
3. A general description of your business
4. A summary of management
5. A Marketing Plan
6. A SWOT Analysis
7. A Financial Plan

In Grenada, you can register your business with 4 simple steps.

1. Business Name Search
2. Business Name Registration
3. Tax Registration
4. Open a business account

 

Open Bank account

Knowing how much it will cost to start and operate your business is key to organizing your business expenses. Factor in costs such as location, rent, marketing, supplies, your personal budget and all other necessary expenses. Creating a business budget and seeking the help of a professional financial advisor or accountant are great ways to get your numbers right.

Knowing how much it will cost to start and operate your business is key to organizing your business expenses. Factor in costs such as location, rent, marketing, supplies, your personal budget and all other necessary expenses. Creating a business budget and seeking the help of a professional financial advisor or accountant are great ways to get your numbers right.