A nutrition business plan is designed to act as a guide for the development and day to day running of your company. It also allows you to paint a clear picture of the business for potential investors, employees, and other interested parties.
With that being said, it’s important to realise that your business plan doesn’t need to be a 150-page detailed report of how your nutrition business will fit into the industry.
It’s about creating a professional representation of your business that you can follow on your journey from “nutrition business idea” to “nutrition business success”.
Keep reading to learn more…
Do you NEED a business plan?
The short answer is yes…
A nutrition business will have a lot of moving parts. You’ll be expected to map out a specific journey for your business that you can follow as you get started and grow.
Writing out your ideas and organising them into a plan also gives you the power to assess and visualise your nutrition business at a higher level. It can be easy to get off course as you jump into the details. However, a good business plan will help you stay on track and centre your goals.
Ready to get started now? Click here to download your free business plan template.
What goes into your business plan?
There are two primary types of business plans outlined by the Small Business Administration: Traditional and Lean.
A traditional business plan will include more detail and will need to cover at the minimum:
- An executive summary
- Your business structure
- Your mission and values
- Market/competitor analysis
- Marketing plan
- Financials
A lean business plan has much less information and is generally used for those who are comfortable starting quickly and addressing details on the fly. If you plan on seeking funding or presenting your business idea to other professionals, a traditional plan is a better option.
While there are some specific guidelines for your nutrition business plan, you can customise it to meet your needs!
How to use your nutrition business plan…
Your nutrition business plan is there for you whenever you feel overwhelmed or start to lose sight of your destination.
The information included in the plan will help you stay on track and break the process of starting your business into simpler, easier to manage steps.
It will also give you a way to entice potential investors and partners. Having a detailed nutrition business plan helps them to assess risk and decide whether your idea is one that’s financially positive for them.
Your nutrition business plan will ensure that everyone (employees, volunteers, or partners) adheres to the same set of core values. Businesses thrive when everyone is rowing in the same direction!
Your plan is the blueprint for the nutrition business you’re building.
Should you change your business plan?
It’s important that you understand that this is also a fluid document that needs to evolve and change as you learn more about your business.
While changes should be carefully considered prior to implementation, your business plan isn’t set in stone. Staying open to tweaks and improvements will allow you to discover, assess, and apply new ideas as you learn more about the nutrition industry…
Especially when it comes to developing your multi-service practice.
You may discover that your packages could be expanded to better express your areas of expertise. Or you may need to simplify some of your offerings to keep your price structure easy for clients. You’ll learn as you go and will need to amend your nutrition business plan accordingly.
Ready to choose your nutrition career path?
In addition to our comprehensive programs, The Health Sciences Academy also offers our students and graduates a wide range of tools to give them the best possible chance of business success!
Ready to jumpstart your career?
Click here to download your free nutrition business plan template…
