Your Business Plan
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 with an Accountant 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