Business Planning Solutions - Introduction
Whatever the business, in order for it to achieve success, owners need real focus and control on day to day activities, and this can only come from having sound business planning, and effective cash flow forecasting and management.
The Business Plan and the Cash Flow are the two most important documents in any enterprise. Together, they provide the ‘working document’ of a business, giving it a clear purpose and direction, without which it can be left vulnerable to competition, and at the mercy of changing market conditions.
The Business Plan and Cash Flow are used for numerous purposes, not just as a one-off when applying for finance from the bank.
Their primary use is as a management tool, for monitoring and comparing against actual results and performance of the business, ideally on a month-to-month basis.
The Business Plan
Business Planning Solutions, working alongside owners, will pull together detailed information on target markets, and potential customers of the business; identify its strengths, weaknesses, opportunities, and threats, and also those of main competitors. From this information, the unique selling points (USP) of the enterprise, can be identified, developed, and marketed to maximum benefit.
Business Planning Solutions will produce a professionally written, comprehensive Business Plan, which should provide the focus for the business, and also realistic objectives, and ‘key performance indicators’, for the next one to two years.
The Cash Flow Forecast
The Cash Flow ensures funding is available to implement the Business Plan, by projecting likely income and expenditure, month by month, over an initial twelve-month to two-year period.
It is also a great indicator for identifying where and when cash might be available to invest in say, new machinery, a marketing campaign, additional staffing, or simply as improved working capital for the company.
The Cash Flow also anticipates times where there may be shortages of cash, enabling owners to take preventative action much sooner, like delaying expenditure on costly machinery, or arranging temporary overdraft facilities with the bank.
Business Planning Solutions will produce an initial two-year Cash Flow Forecast for your business, which will be carefully synchronised with the objectives outlined in the Business Plan.
The Action Plan
With your 'working document' in place, it is then necessary to bring it to life, and this means creating your Action Plan. You will need to prioritise business objectives identified in the Business Plan, list potential clients/customers in readiness to make contact, organise staff and their roles, cost-out and arrange advertising, decide what data you have and what you need, and many other aspects.
Business Planning Solutions will be happy to help owners to put together their detailed Action Plan for the business, by drawing on many years of business experience.
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At Business Planning Solutions we have over 30 years experience in financial planning, sales, marketing, and accountancy, and as such we make an ideal partner for your business.
Our full list of services includes:
- Business Plan preparation
- Cash Flow forecasting
- Action Planning
- Trading Profit & Loss projections
- Year end accounts production
- Personal Tax returns
- Business Tax
- VAT returns
- New business start-up advice
- Marketing your business
Fees are negotiable and agreed prior to any work commencing, so you know exactly what you are paying.
Call us today for a free chat on 07598 868 900, email us at firstname.lastname@example.org, or complete the enquiry form above.About Us