Why do I need to do Business Planning ?
There are 2 basic reasons why clients ask us to help them produce a business plan.
1.Funding.
When a business wants to raise capital, whether from a private lender such as a bank, in the equity market through a flotation or from the government in the form of a grant or loan, it is generally asked for a business plan. Investors need to have confidence in a management and for that, they need to evaluate its Business Planning.
When a business wants to raise capital, whether from a private lender such as a bank, in the equity market through a flotation or from the government in the form of a grant or loan, it is generally asked for a business plan. Investors need to have confidence in a management and for that, they need to evaluate its Business Planning.
2. Business Planning for a more prosperous future
Businesses that plan, set their goals, strategies and values in writing with clear milestones, are generally much more successful than those that don’t. by communicating the plan to everyone in the business, developing a strong culture and filtering the objectives down, the directors are likely to improve their chances of success considerably. This should be the reason why all business plans are created. Funding support should just be an added benefit.
