To help you create a comprehensive business plan, this section dots the i's and crosses the t's. You should show that you've thought about your business's risks and obligations, e.g. permits and licences, or certification and qualifications, as well as administrative systems and insurance cover.
Think carefully about how you'll set up your company's administrative systems. Will you be doing this yourself or will you be hiring a bookkeeper or accountancy firm? If you're planning to farm this out, list your accountant's contact details.
General terms & conditions
Issuing general terms and conditions
of business provides your customers clarity about matters such as delivery times and payment methods. State whether you've already drawn up your company's general terms and conditions. If you've opted not to draw up terms and conditions, then explain why.
Nobody likes unpleasant surprises. Proper insurance
cover gives you peace of mind and in certain situations provides a stopgap if your income is adversely affected. Assess the risks and determine the costs of adequate insurance cover and clearly state which risks you intend to cover.
Explain clearly why you've opted to take on staff, and if so: