I am a(n)
looking for help withGO
27th April, 2018
How many business owners consider the Business Plan to be the piece of homework required when you start a business or seek funding? It is true, this is often the only time when some business owners think about a Business Plan or commission someone to write their Business Plan!
Asking someone else to write your Business Plan is a big no no – it must be yours and you MUST believe in it. What advisors can do is act as a critical friend to challenge and improve your ideas and maybe help you with the financial forecasts.
But a Business Plan is for YOU and can help when you feel your business:
If this sounds familiar take some time to step away and take a good look at your business and yourself and work out what you want to achieve personally and professionally. Then work on a Business Plan for YOU to:
A great place to start is Michael Porters five forces which is replicated below:
What do your competitors look like?
Where is the supply chain strength?
What are the substitutes?
Where is the new entrants threat is it through?
After you have considered the market environment get yourself five pieces of paper. Then consider these five headings:
You are now ready to bring together a plan to take your business to the next level:
Once you know where you wish to take your business and how you plan to achieve your goal you can consider the financial impact of your plans and reach for success.
I am always happy to answer questions and discuss elements of my thoughts contact me at email@example.com
Corporate Finance Director