Stephens Accountants have been helping local businesses in Pontefract, Castleford, Normanton,Knottingley, South Kirkby and surrounding areas, for over 26 years, with their business planning.
Fail to plan or plan to fail with our business plan services we will put together the solid foundation you need for success!
Whether you need to prepare a business plan to present to the bank or to a potential investor or for purely internal use, doing it well is crucial, using our business plan help we will ensure your foundations are put in place for a solid future. To write a business plan is imperative as its an essential tool for the successful management of your business, and is particularly relevant in times of economic uncertainty or downturns in the business cycle.
If you are starting a business then a business plan is the first thing you should consider to keep you on track during the critical first few months and years.
Business plans should aim to give more than a snapshot of the future. Because circumstances, people and opportunities change, a good business plan will help you to understand and share the moving picture, an ever evolving situation. Business plans therefore need to be dynamic, regularly reviewed and updated, becoming an invaluable aid to good management. They prove to others that your business is well thought out and much more likely to succeed.
The Benefits Of A Good Business Plan
By planning ahead many benefits will accrue, for example, you can:
- Step back from the day to day working and consider the overall direction of your business, facilitating decisions regarding strategic goals and the route to success
- Make better-informed judgements having previously considered the impact of a particular cause of action on profitability for your business
- Ensure the decisions you make on behalf of your company drive you in the right direction
- Help you ensure that there are adequate resources and working capital to achieve your objectives and business goals
Additionally, a properly documented business plan should:
- Provide the necessary vision and direction for you and all your stakeholders to share and hence focus on building your business
- Inspire confidence and belief in your business potential and direction
- Provide a document recognised by lenders and investors as a basis for financing decisions
- Enable key staff to participate in the long term future of the organisation by setting out clear business objectives which help your staff define their own career paths
There is no definitive guide as to the precise form and content of a successful business plan, but the rules below are valuable. Your plan should be:
Simple: for the user to understand and for you to follow
Focused: on the business needs and where you want the business to go
Relevant: to the users interests and your personal goals
Accurate: be prepared to justify your analysis
Realistic: information must be believable
Focused: on the business needs and where you want the business to go
Relevant: to the users interests and your personal goals
Accurate: be prepared to justify your analysis
Realistic: information must be believable
For further information on Business Plans for businesses in Pontefract, Castleford, Knottingley, Normanton, South Kirkby and surrounding areas please Contact Us.
Social Media by Multi Web Services
No comments:
Post a Comment