Business Planning
A business plan will record the future strategy and financial development of your business over several years.
Your plan needs to set out:
- A framework for sound decision making - the process of preparing the business plan will concentrate your ideas into reliable decisions on future aims and set your vision.
- A forum for communicating ideas to key team members inside your business – the plan should be an open document allowing the team to relate with the aims and to help in achieving them.
- A target against which you can measure the business’ performance – the plan should convert your vision into achievable financial and operational goals against which actual outcomes can be measured on a regular basis.
- Forecasts projecting;
- Future cash flows in terms of the timing of monies received and paid out. This is vital to the survival of the business and a month by month summary for 2 to 3 years ahead will give you control over the finances.
- Future profits of the entity, again in a month by month summary for the next 2 to 3 years to help you reach your targets.
- The state of affairs in the business in the form of a series of monthly balance sheets to monitor your working capital and the net worth of your entity.
- An indication about the business strengths and capabilities of your management team – It is essential to build on the strengths of the business and its team, while minimising the risks associated with its weaknesses.
- By working with us you’ll benefit from our experience in preparing business plans for owner- managers and start – up entities to give you a key advantage as you progress with your business.
To find out more or if you would like to arrange a free initial consultation where you can discuss how you want us to listen and help in more detail, please call Alan or Gillian on 01302 311777. Alternatively you can email -
alan@ar-accountants.co.uk or gillian@ar-accountants.co.uk