3 key steps to developing a business plan


Having a sound business plan is the first critical step in starting your business, but is also pivotal to helping your business develop, adapt and grow. A good business plan acts as the foundation for any business and is a clear go-to guide when it comes to strategy. This video discusses the importance of a business plan and how to build a solid business strategy to support your start-up's growth and success.


  • Understanding the importance of creating a business plan
  • Identifying the key steps in forming your business strategy
  • Learning how to create short and long-term objectives for your business

Read time:

15 mins

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Lloyds Bank Academy is committed to providing information in a way that is accessible and useful for our users. This information, however, is not in any way intended to amount to authority or advice on which reliance should be placed. You should seek professional advice as appropriate and required. Any sites, products or services named in this module are just examples of what's available. Lloyds Bank does not endorse the services they provide. The information in this module was last updated on 16thDecember 2022.