A business plan is a summary and evaluation of your business idea. It shows your probability of success and your ability to make it work. It will help you identify your key customers, your market segmentation, pricing strategies, financial and operational goals. It provides the means to think through all facets and to examine the consequences of your management, marketing, finance and staffing strategies.
A business plan enables you to take an objective look at your business, identifying areas of strength and weakness and enabling you to realistically evaluate your competitors. It becomes a complete financial proposal, the minimum requirement of most financiers.
A well-prepared business plan also enables you to monitor the progress of your business against any changes within your business environment, highlighting new opportunities for future growth and uncovering any areas that may be of future concern so they can be addressed.
It is never too late to introduce a business plan into your methods of operation as planning significantly increases your chances of future success. If you would like to operate your business from a position of strength, we can assist you to create and monitor a well-prepared Business Plan.