What is a Business Plan?
Writing a Business Plan is an essential part of building a successful business.The aim of your Business Plan is to provide a ‘road map' for your business journey,keeping your business on track and ensuring your operations grow and evolve to meet your goals.
The process of writing your Business Plan gives you the time to think about the 'big picture'; what you want your company to look like and deliver for you in 3 - 5 years time. A solid Business Plan also forecasts the relationship between cost and revenue.
Why do You Need a Business Plan?
Writing a Business Plan helps you to clarify what you need to do, to get what you want from your business:
- Your business objective
- Your team
- Your cashflow forecast
- Your operations and processes
- Any potential threats / challenges
- Your marketing and sales strategy
- The resources you will need along the way
Your finished Business Plan also serves as a valuable tool that you can refer back to on a regular basis, helping you to stay focused and on track. It is also a great asset and 'road map' to any person who wants to buy or inherit your business and build on your success.
When is The Best Time to Write a Business Plan?
If you think it, ink it, otherwise it is just an empty wish.
The process of writing a business plan can be a helpful tool at multiple points along your journey. It is important to remember that your business plan should be reviewed every quarter to ensure you are on track to deliver on your goals.
The business plan will give you more focus and direction:
- When first starting your business
- When your business goals have changed
- When your industry has evolved
- If you are feeling 'stuck' or at a stage of plateau
- If you are seeking funding / finance
- If you are thinking about selling and / or exiting your business
How Business Success HR Can Help You Write Your Business Plan
With over 35 years of management experience of small to multi £million businesses, Jonathan Keable will help you formulate your Business Plan. He knows the right questions to ask, and has the business knowledge, to clarify your goals and setout your strategy and action plan for the next 3 - 5 years.
Jonathan will also offer regular review meetings with you to keep you on track, measure your progress, offer guidance and support and help you prioritise your actions.
"At the stage that we were introduced to Jonathan Keable, we had been running our business for over 9 years with a directly employed team of 12 operatives.
We were turning over around £500k per annum, whilst barely generating any net profit.
I was generally working all of the hours that god sends to make a success of the business, and whilst we were gaining a great reputation for what we were doing, there was very little reward.
Jonathan has helped to transform our business in some of the following ways:-
Spending time planning, marketing and forecasting our business & setting realistic targets and goals,Tracking and monitoring financial performance on a monthly basis to ensure we stay on the right track. In the first year with Jonathan, we have doubled our turnover to £1 million and are halfway through our latest financial year whilst being on track to treble our turnover to £1.5 million. Whilst maintaining a healthy net profit. We are now firmly in the driving seat thanks to Jonathan, who provided us with the marketing, knowledge, and tools to make this happen." - Phil Rivers Unicorn Construction