Planning is essential to the successful running of a business, whether new or long established. Often plans are informal but there are many advantages to setting business plans and projections out in a clear structure. This means the numbers can be tested and often the very act of producing a written plan can focus the mind on the strengths and weaknesses of the business.

There are also situations that demand clear financial projections. If you are looking for funding – whether a bank loan or to introduce a private investor – then you will need to produce acceptable management accounts as well as well considered future projections. Making a mistake with these can prove expensive. Supplying the correct commentary is important too, to ensure the plan has a clear logic to it.

So how can we help? It depends on what stage in your business planning you are at…

• Providing a basic template of a business plan for you to begin to complete
• Adding financial projections to the plan you are writing
• Reviewing the plan you have already produced

Please contact us to see what we can do to help. As well as tax and accounting staff, our Managing Director has a specialist MBA in Small Business Administration and one of our non-executive directors is a business advisor with many years experience in assisting small businesses to grow.