Like a builder uses a blueprint to be sure a building will be sound, creating a written business plan can help your business get started well and continue to grow. A good plan can help provide an estimate of costs (and how much you’ll need to invest or finance). This plan can provide revenue and profit estimates and help convince investors and lenders to fund your business.
Financial forecasts are an important part of business plans and we can help project costs and income in the short and medium-term in the UK. Forecasts can be based on past performance or sector expectations. A well-written business plan and financial forecasts direct the owner where the business could go instead of staying in dark.
We’ve drafted business plans with estimates of start-up costs, profit-and-loss forecasts, cash flow estimates, and break-even analysis. These business plans have helped clients secure investments of hundreds and thousands of pounds. A business plan works as a guide and mentor for the business.
Creating a plan to use for getting startup financing, there are other good reasons to create a plan. Use this plan template to look at all the areas of your most standard businesses. The template will help you make sure all areas are covered, so your startup goes more smoothly.
A business plan is about setting short- or mid-term goals and defining the steps necessary to achieve them. A strategic plan is typically focused on a business’s mid-to long-term goals and explains the basic strategies for achieving them. This guide sets out the basics of the strategic planning process.