A business plan is a document that contains a profile of your company, and a vision of its future. You may present it to potential lenders, investors and partners, and you may also use it internally to plan for the future of your business.
Many businesses use their accountants to help them prepare their business plan, although the owners of the business must take ownership of the plan. Accountants cannot write business plans on their own.
To be successful and profitable, a business must know and understand as many details as possible about its industry and its place in the market. A business’s missions, objectives, cash resources and human resources are only a few of the vital components that will determine the success of a business. You need to know where you are, where you are going and how you’re going to get there and stay there. Banks are wise enough to make a complete business plan an essential requirement for any business applying for financing.
We can help you by preparing all the financial information for your business such as cashflow forecasts and profit and loss budgets. We can also assist with the non-financial aspects of the business plan as we have prepared many business plans for all sorts of businesses over the last 25 years.
We have solid relationships with many banks and should you wish to approach a lender other than your current provider we can facilitate such an introduction.