Business Plan

Why is a business plan of such central importance in a business? Why is it so controversial? Why do some people seek to downplay its importance?

Every single activity, from one day’s work to longer-term projects, requires planning, investigation and analysis.

A business plan is a valuable tool, required both for small and medium-sized companies as well as for major corporations, whether they wish to start a business or to help it grow.

When you put down on paper the information necessary to create a business plan, you are forced to organize and structure your business ideas. The business begins to take shape. A written plan reveals complex aspects of future work or work in progress. The plan serves as a roadmap to success.

Synthesizing all the data needed and structuring them into a specific business plan is not an easy task. A guesstimate analysis is required, to take existing data into account and keep within reasonable bounds. While it may take a great deal of effort to formulate a viable plan, once accomplished, it will bring about important, tangible benefits.

Three Reasons Why Any Business Should Have a Business Plan

A business plan is an effective tool for defining the existing realities. It prompts you to analyze your business project or the existing situation objectively and critically; it defines a focus and sets realistic goals . It may also constitute the basis for control and evaluation.
A good business plan will reveal weaknesses or omissions in your planning. Because good business plans require a guesstimate of risk calculation, they help to reduce risks.
They provide a valuable communication tool presented in an organized, credible manner, which allows lenders, outside directors, investors, banks and employees to obtain a complex view of your business.

Our office is ready to serve your needs. We can suggest many tax and business strategies to help you succeed. If you have any questions, please call us or send your questions to us via e-mail.