Preparing A Business Plan

If your plan is to be successful, it helps if your business has one

Your business plan is your roadmap for success, detailing your initial requirements and long-term goals, taking into account as many factors as possible. If you plan on securing financing, your business plan represents your credentials – without one, you may not be taken seriously by a financial institution or third party investor. Creating a business plan isn’t difficult. In fact, there are plenty of resources out there to help you.

Every sound business plan should:

  • Provide an overview of what your company will offer and how (e.g. product or service, in-store or online, etc.)
  • Outline your business objectives, strategy, goals, SWOT (strengths, weaknesses, opportunities, threats), financials, competitive landscape
  • Identify the resources required for achieving your business objectives (financing, professional expertise, real estate, equipment, etc.)
  • Articulate how these resources will be secured
  • Provide a forecast for how your business will succeed

A good business plan:

  • Outlines the amount of financing or outside investment required and when it is needed.
  • Provides clear and well organized information. First impressions are important and good presentation will help a lender or investor better assess both your financing proposal and your skills as a business manager.
  • Is updated regularly. Spending three or four hours each month revising your plan will save you time and money in the long run.

Committing your plans to paper helps you clearly identify your customers, market, pricing strategy and the competitive landscape. It will also help you identify and head off potential concerns before it’s too late, often enabling you to discover opportunities you may not have considered previously.

Planning simply makes good sense at any stage of the game – consider making it an integral part of your management approach

Business Plan – Step By Step Guide.ppsx
Business Plan – Step By Step Guide.pptx

Contact to us today and ;

(i)                we will go through the steps required to write a business plan.

(ii)             We will provide a free of charge template for writing your business plan

Contact Saeed
saeed@accountancyplace.co.uk
Mob 07904438688

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