Writing Business Plans
Business Plans are an essential part of every business, big or small. Yet they are very time consuming. Conducting thorough research in to your business; market; target audience; financial position; future planning; etc…. all take time and patience to gather the necessary information in order to be able to create an effective and clear Business Plan.
But why write a business plan?
There is a famous saying that can be applied to every part of life, especially business;
“If you fail to plan, you are planning to fail.” – Benjamin Franklin
A business plan is more than a brief outline of who you are and what you hope to achieve. It is the direction of where you see your business headed in the short or long term, and how you intend to achieve those objectives. However, depending on what you are hoping to achieve and the nature of your business, your Business Plan can serve two purposes;
- Act as a guide for you to monitor and steer your business in the direction you want it to head. Do not forget that you can change or adjust your Business Plan at any time to allow for any changes made to your business or the market.
- Become a document that can be used to entice investors. Most Business Plans are solely written with just the owner in mind and therefore are essentially a ‘How-to’ document. But if written properly, your Business Plan can also be converted to a sales document that could encourage investors to take an interest in your business and help secure financial backing.
This is where Alliance Accounting can assist you.
We take the time to get to know you and your business and then turn all the mumbo-jumbo into an easily read and understood Business Plan.
So what could your Business Plan comprise of?
- Title Page
- Finance Section
- Business Plan Summary
- Innovation Section.
- Business Details
- Legal Considerations
- Insurance and Risk Management
- Sustainability Plan
- Balance Sheet
- Break-Even Analysis
- Cash Flow Statement
- Profit and Loss Statement
- Start-Up Costs
However, not all of the above sections may be needed when writing a business plan. Therefore, engaging a company with experience creating tailored Business Plans will be a great investment in your business’s future.
At Alliance Accounting we are all about tailored solutions. This means we take the guidelines for creating a Business Plan, then bend and mold them to suit your business. Not bend and mold your business to suit the guidelines.
Not only can we help you with the structure of your Business Plan, but as an accounting firm we can also crunch the numbers, saving you valuable time and effort by having the project handled from beginning to end by us.
Whether you are after Cash Flow Forecasts, Profit and Loss Forecasts or Balance Sheets, Alliance Accounting will compile all the necessary information in to a document that can translate to a broad and varied audience, as well as converting it into ‘industry speak’ should you be looking to attract and secure funding.
Since opening its doors back in 2010, Alliance Accounting has grown from strength to strength by becoming more than an accounting firm. We see ourselves as your business partner first, last and always. If you are successful, then so are we, because happy customers talk about great experiences and easily recommend our services to friends, family and business associates.
With customers all over Sydney and our head office located in Western Sydney area, we pride ourselves on being able to communicate with, and be understood by people from all industries and walks of life. This comes from our belief that no matter the industry or background of the owner/s, business is universal.