Business Plan Advice – Key Benefits and How to Make it
A business plan is a key document to have before starting a business. It can help you measure performance in future and get funding from banks and other sources. It has many other advantages that are listed as shown below:
• A business plan lets you identify areas that may need extra funding.
• It helps you forecast the growth of your business and associated capital requirements.
• It can let you question you past and future decisions.
• It can serve as a reference point when deciding the impact of introducing changes to current business operations.
• It can simplify communication between your business and banks, investors, employees, and other financiers.
• It helps you think critically about your business hence spotting its weaknesses, threats, strengths and opportunities.
A business plan has a special format. If it will be shown to creditors, investors and other entities, then make it professional and thorough.
Need to a business plan or your current plan updated? Give us a call today.
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Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
Our group of businesses & links include the following companies (& our websites);-
- Bottrell Accounting & Taxation – Visit out website
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