If you want to start, grow or manage your business in an effective manner, you will definitely require a business plan which suits your needs and fulfill your requirements in order to run your business in a smooth way. Business planning is the key to success and the need of the hour.
A successful Business Plan:
- Defines your Objectives
- Gives you the direction in order to achieve your Goals
- Gives you the control over your Business
- Helps you seek finance and its sources
- Document which you will need to show banks and investors why they should invest in your business.
CONTENTS OF A SUCCESSFUL BUSINESS PLAN:
- Plan summary and sources of funding
- Our Vision
- Our Mission
- Operations
- Key People
- SWOT Analysis
- Risk assessment and management
- Goals for Next and for the upcoming 3 years
- Profit and loss forecast
Kirpa Tax, Our Accounting firm in Australia offers you a great link across forecasting, helps you to build and manage the model scenarios that meet the profitability targets of the business. He has helped number of businesses for tailored made business plan for new start up business loan including cash forecasting.