Research suggests that those businesses with a written business plan are far more likely to succeed.
All businesses should have a business plan that addresses the objectives, strategies, sales, marketing and financial forecasts. A comprehensive business plan will help clarify your business idea.
When a business is looking for finance, a business plan would need to be written and presented with a greater focus towards:
- Business strategy and goal setting
- Cash flow forecasts
- Profit forecasts
- All written elements of the plan such as business background, marketing plan, SWOT analysis, markets, competition
- All of the other key elements that need presenting in the most suitable way to lenders.
By outlining realistic goals, identify leadership, and help to organise your company into teams that are efficient and motivated.
After you’ve produced the plan, you need to monitor how you are doing against the plan and we can help you with this.