Business Plan Advice
Many years of real world commercial and managerial experience at your disposal ...
Our financial experience is available to you to help you put together a well considered business plan which will allow you to plan and formulate realistic and accurate forecasts. We also have legal and marketing consultants in-house to assist with key non-financial aspects of a well rounded business plan.
Business plan to help raise money
For businesses looking to raise external investment, a good business plan can often mean the difference between attracting interest in the first place or not. A good plan is essential for credibility. Banks and other 3rd party funders are also likely to expect a business plan and a poor one, whether due to the accounting aspects not being correct or thought through or other aspects,will reduce your chances of a successful application significantly.
We recommend that as part of the financial part of a business plan, a cash flow statement and balance sheet will need to be prepared.
How to write a business plan for your small business?
Key aspects of the process often include :-
- Executive Summary;
- Description of product or services;
- Market opportunity and competitive differentiation;
- Details of management team and ownership structure;
- Financial projections;
- Researching competitors, customers and the market;
- Funding requirements (if any).
Don’t overestimate or sugarcoat
We all want to present our business in the best possible light but realism is important. There are risks associated with every business and every business plan. Ignoring or overlooking these risks, failing to anticipate that you will be asked about them and espexcially the financial section and projections, is a very common error. Think of Dragon’s Den and you will quickly appreciate how this process works. So, always be realistic.
Business plan for immigration to the UK
For non-Uk residents who are seeking entry to the Uk on teh basis of a tier application for investing, we can advise and assist on getting the right business plan to support your application. For such a crucial application, having a well written business plan with numbers that add up is essential.
Keep your business plan under review
It can be tempting, especially if the plan was prepared to raise investment or a loan, and that succeeds, to file the plan away and not look at it for months or years. Businesses change all the time though as do market conditions. So, it’s important to review and update your plan regularly. Also, filing the business plan away reduces the chance of sticking with it. If you don’t implement a good plan because you forgot about it, you’ll end up kicking yourself at best.
Help with financial projections in business plans
Every business is different so every business plan is different and the content may depend on whether it's for internal planning and use, to apply for finance or seek investment or a combination of these or other reasons. Our experience with owner managed small businesses extends to many business and sectors, including :-
- Restaurant and catering business plans
- Start up business plans
- Software and tech business plans
- Gym and leisure businesses
- property investmeent and real estate related
- Care homes
- Business plan sin support of investment and immigration to the UK
If you need any help with the accounting aspect of a business plan, writing, preparing or updating your small business plan, (we have in-house business strategists, marketing consultants and legal consultants who can also add their input) please don’t hesitate to drop in to our London head office or call or email us.