Preparation of Business Plans
Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That is why preparation of a strategic plan is a virtual necessity. A satisfactory strategic plan must be realistic and attainable so as to allow managers and entrepreneurs to think strategically and act operationally.
Business plans become essential while entering a new market or developing a new product or raising funds. A complex range of economic factors needs to be analyzed prior to taking any strategic action.
Addressing a new market means building an understanding of the many different strands that influence the relative strength and weaknesses of an economy. Macro-economic considerations need to be taken into account alongside specific and detailed analyses of the potential market for a particular product or service.
Various exercises can be helpful in the planning process:
Analysis of current year financial results
SWOT analysis - strengths, weaknesses, opportunities and threats
PESTLE analysis - political, economic, social and technological, with legislative/regulatory and environmental
Balanced scorecard - analysis of the impact of achieving objectives from a financial perspective, a customer perspective and an internal perspective, and on innovation and learning, together with identification of critical success factors and performance measures
Brainstorming - for alternative scenarios, opportunities and strategies
Building the models to support a new business strategy draws on a range of complementary skills and knowledge. Advanced econometric models and quantitative analyses need to be constructed alongside specific and in-depth industry knowledge if they are to provide market insight.
Our business plan consultants prepare the business plans in joint collaboration with the client, customized for their specific needs, including detailed assumptions/inputs,easy to understand financial projections and highly presentable graphs/charts.