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The Strategic Plan
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Do you have a strategic plan?
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"Why do I need a strategic plan?",
you may ask
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| You need to be clear about your business' purpose and objectives.
You need to understand the environment in which you operate. What
structures and resources will be required to enable to react to sudden
and unforeseen changes in your business environment in a positive
and timely manner. |
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| Forward planning is what business managers would always identify
as a pre-requisite for knowing where the business should be going
and how it is going to get there. However, too many owner/managers
are simply too busy trying to navigate their businesses through day-to-day
problems to look at the bigger picture and plan properly for the future. |
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YourOwnFD can help you and your associates focus on your
organisation's strategic issues and help you formulate a strategic
plan.
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The Business Plan and Budgeting
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| Budgeting follows the planning process. |
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| The strategic plan is given the substance to formulate a business
plan. It puts the meat on the bones. When the business plan is ready,
it can be crystalised into a detailed format of income targets and
expense projections. This is the budget. |
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| YourOwnFD can bring many years' experience of the business planning
and budgeting process into your environment to provide you with |
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Assistance in compiling
a business plan to present to your financiers if you are looking
to increase your funding for working capital or expansion, or
to re-negotiate your existing facilities. |
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Help in putting together
a business plan so that you and your associates can better understand
where your business may be heading over the next few years. |
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An annual budget for your
business and periodic re-forecasts as the year progresses. |
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A link with your management
accounts to show how your business is actually performing in
comparison with how you were expecting it to perform in the
budget. |
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| Bring in YourOwnFD to set you on your way forward. |
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Raising Finance
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| Potential investors or financiers will want to see your business
plan in order to consider your request for future funding. |
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As well as helping you with your business plan, YourOwnFD can
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Approach potential lenders
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Assist in negotiations with
sources of finance |
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Work with you in finalising
lending terms |
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| If you assistance and support with a lending application, talk
to YourOwnFD |
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