Business Planning

Business Planning Services

A carefully formulated business plan is vital to the success of any new enterprise. If you require investment or a loan (or both), a detailed business plan will demonstrate to the investor and/or lender that your putative enterprise amounts to more than just a bunch of good ideas.

A business plan enumerates intention, covering at least the first 12 months of a new company’s life. If you can demonstrate the viability of your enterprise, you stand a much better chance of securing the necessary funds.

Even if you already have the capital to start your company, a sound business plan will play a big part in providing you with a blueprint for success.

A good business plan includes:

A summary of what your enterprise is about – the market place in which you intend to operate, the kind of competition you expect to face, potential obstacles and so on
Capital requirements – everything you need to pay for in order to run a business: premises, business rates, insurance, utility bills, wages, marketing and promotion, the creation and maintenance of a website, etc.
Cash flow projections – essentially a forecast of how your business will fare financially over the course of a year, including money paid out and received.

JR Accounts is here to help with business planning

Our accountants in Ilford will assist you with all your business planning requirements, and the way that we do this is by working with businesses. That is to say, you’re the one with ideas and aspirations, we’re just here to help you realise them, by taking care of the nuts and bolts of your business plan. For instance, we’ll advise you on the selection and implementation of appropriate internal systems, which will help make your business life much less complicated.

Get in touch for business planning in Ilford

To learn more about how we can help, please click on the contact us tab at the top of this page. We look forward to hearing from you soon.

A business plan is a document that details a company’s objectives and how they will be achieved. It typically includes operational, financial and marketing aspects, and is used to attract investors and ensure the company’s directors are working towards the same goals.

Accountants can help with writing a business plan, but will not create one on your behalf. That’s because objectives and goals should come from the business’ owners. Accountants can, however, provide advice while you’re developing a business plan, helping you prepare a robust document, and assisting with choosing and implementing appropriate internal systems and structures to ensure your business is set up for success.

In accounting, a business plan provides a snapshot of where your company currently stands in terms of its finances and objectives, and lays out a plan for growth. It typically covers strategies for achieving your goals and market research that supports your plans.

The purpose of a business plan is twofold. Firstly, it ensures all key stakeholders within the company are aware of the business’ goals and objectives, and are all working together to achieve them. Secondly, it acts as a means of securing the investment required for your organisation to grow.

A business plan is key for companies that want to succeed. It provides a roadmap for achieving goals, whether they are financial or operational, by laying out in detail how those goals are going to be reached. Your business plan will help you make the right decisions and avoid mistakes, as well as set realistic benchmarks and understand your market.

Many business owners write their own plans, but usually with the help of a professional such as a business plan accountant. This ensures they are choosing the right internal software and systems, and using the right strategies to reach their goals. It’s especially important to get input from an accountant if you’re looking to secure funding from investors.

If you’re starting a business, you should write your plan in the early stages, when you’re exploring your idea and how viable it is. If you’re already up and running, a business plan can be written whenever you feel the company would benefit from more focus and direction, or if you want to explore new markets or products

Hiring an accountant that offers a business plan service ensures you include all the appropriate details to help secure funding from investors. It also means you have the support of a professional who can guide you through the process and help with aspects such as taxation, insurance and risk management.

Business plans can be categorised into four types. The miniplan is a short snapshot of the key elements; the presentation plan is more detailed, and can be presented to investors or board members. The working plan is designed for use within the business and can be a little more informal. The final type is the what-if plan, which is a contingency that covers the worst-case scenario for your business.