The importance of planning ahead
We believe that those with a business plan are more likely to be successful than those without. Why? Because it provides clear objectives, making everything run in a more productive manner and it means less time and energy is wasted.
The simpler, the better
Creating a business plan is about taking the time to identify what you want to achieve, how you’re going to get there and who will be responsible for what. It doesn’t need to be a 100-page document, and there’s a good argument that it should never be that. Nothing works better than a simple one-page plan to track your key drivers. These could include sales or profit growth, cash flow improvement or simply more quality time out of your business.
Our directors have strong commercial backgrounds and a great deal of experience looking after a wide variety of businesses. By asking you the right questions and challenging your thinking, we’ll produce a well-thought-out business plan specifically for you. Once your plan is up and running, we’re happy to produce meaningful management accounts and KPIs each month to measure your performance against your plan.
If you need to raise finance, a more detailed business plan is expected.
Here your plan generally needs to include:
- The objectives and aims of your business
- An explanation of why you need finance
- The business ownership and history
- Management structure and responsibilities
- Products and services, market share and strategy
- Cash flow forecasts and past accounts.
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- 22 November 2023
The Autumn Statement 2023 ExplainedThe Chancellor, Jeremy Hunt, announced his Autumn Statement on Wednesday 22 November. In his opening statement, Hunt made it clear his plan centres around three priorities – reduce debt, cut taxes, and reward work. With The Office for Budget Responsibility stating that the economy will grow each...
- 20 November 2023
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- 15 November 2023
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