A business plan is the cornerstone of start-up a businesses, as well as a significant tool for monitoring the progress and growth of existing businesses. It is a document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. It has many functions, from securing external funding to measuring success within your business. A business plan will help your business stay focussed on its aims and objectives, achieve success and profitability, whilst minimising financial and market risk.

It Business Finance Ltd can help in the preparation of a formal business plan, including cash flow, profit and loss and balance sheet projections. We have helped many businesses with careful planning, which is a vital tool in attracting investors, and in showing that the business has potential. We can show the vision you have for the business.

One of the most important things you can do for your business, new or existing, is to write a business plan. It Business Finance Ltd knows that the process of creating a business plan will only help your business become more successful.

The reasons to have a business plan include:

To Map the Future
A business plan is a vital aid to help you manage your business more effectively. By understanding your business, and the market, and by planning how best to operate within this environment, It Business Finance Ltd will help you be well placed to ensure your long-term success.
To Assess your Business
A business plan process involves researching your target market, as well as the competitive landscape, and serves as a feasibility study for the success of your venture.
To Establish Business Milestones
A business plan will clearly lay out the long-term milestones that are most important to the success of your business. It should serve as a blueprint for your business. It Business Finance ltd will help outline your goals in the business plan, and this will help you stay on track as these goals change and expand with your business growth.
To Foresee Problems
It Business Ltd understands that the best way to determine whether or not your business idea may work is to write a business plan. Detailing your operations, marketing, management and financials will allow you to test the feasibility of your business. Following the business plan will allow you to see where your business is headed, where it has been and any possible problems that may occur. Your business plan will highlight the thoroughness with which you have considered future scenarios.
To Educate
There is absolutely no better way to learn about your customer demographics, marketing opportunities and other aspect of your business, than to spend time creating a well-researched business plan.
To Secure Funding / Investment
Most businesses face investment decisions during the course of their lifetime. Often, these opportunities cannot be funded by working capital alone, and the business must seek external funding. It Business Finance Ltd understand that it is extremely important to clearly describe the opportunity, and investors will want access to the company’s recent accounts, along with an up-to-date business plan. Investors will expect the business plan to illustrate how their investment will be spent, and how they can make a return. You can also use your business plan to demonstrate that you have met goals and to illustrate the company’s potential growth.

It Business Finance Ltd can ensure that your business plan will help convey these points to prospective investors. Having a well-written business plan gives your business a good chance of securing the money needed to operate and/or expand the business.

To Develop and Communicate a Course of Action
A business plan helps a company assess future opportunities, and commit to a particular course of action. By committing the plan to paper, all options can be effectively communicated, and can be used as a tool to help management monitor progress.
To Help Manage Cash flow
Careful management of cash flow is a fundamental requirement for all businesses. Many businesses fail, not because they are unprofitable, but because they ultimately become insolvent. Cash flow management then becomes more vital when businesses pursue investment opportunities where there are significant cash out flows, in advance of the cash flows coming in. It Business Finance Ltd will produce a well structured business plan that will help you manage cash flow, and funding requirements.