Contrary to popular belief, a business plan isn't just required in order to try and raise finance or secure investment, it is also the place to set out exactly how you want to run your business, what your goals are and what is required in order to achieve those goals. A good business idea needs to be accompanied by a good business plan in order to turn the idea into reality.
Many new businesses will often need to raise some level of funding at the beginning and a good business plan will not only allow you to assess the profitability of your idea, but it also allows a bank or other lender/investor to understand your idea and to see how your outlined strategy will shape the business.
At TaxSmart Accounting we know exactly what information is required and how it needs to be presented in order to create a professional and credible business plan. We work with you to ensure that you have a comprehensive plan detailing the business strategy, as well as providing various financial forecasts such as sales and cashflow projections.
A well-written business plan containing relevant figures will provide you with a much better chance of success when it comes to raising finance or securing investment for your business.
Further information regarding business plans can be found in our business start up section.
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