Organising a Business Plan for Self-Employed EP Discussions

Self-Employed EP Business Plans: Connecting Evidence to the Role

Describe customer needs, services, delivery, revenue and the founder’s duties. Separate contracts, enquiries, supplier preparations and forecasts, identifying what each supports. A long business plan does not itself meet EP requirements; its value is explaining genuine operations and connecting budgets, employer records and experience.

Describe actual activities

Explain what you sell, to whom, how you deliver and how you collect payment. Specific descriptions are more useful than broad labels such as international trade or consulting.

Separate facts from forecasts

Separate signed work, enquiries, supplier arrangements and revenue forecasts. State forecast assumptions and never present an unsigned opportunity as a completed transaction or invent customers.

Explain the role

Describe responsibilities such as business development, delivery and management, connecting them to relevant experience. This is a communication tool, not a claim that every application requires an identical statutory business plan.

Preparation Example

A proposed consultancy can describe customers, deliverables and pricing, then identify actual enquiries. If a client has not signed, describe the opportunity as prospective business rather than recorded revenue.

Pre-consultation Checklist

Products or services; customers and markets; delivery and collection methods; facts versus forecasts.

EP Questions and Practical Answers

How should a new company explain operations before earning revenue?

Distinguish preparations from actual operations. Describe customers, services, completed preparations, funding and forecast costs, with assumptions. Do not invent orders, payroll or revenue. The evidence needed depends on the application and any request for further information.

Official Reference

MOM ↗