Business Plans

Requirements of a Business Plan

The importance of a carefully prepared business plan is often under-estimated.  A business plan is used to layout the strategy for the development of a business and a business plan is also required when raising finance.

When raising finance the borrower must convince the potential lender that he or she has a viable business proposal. This cannot be done without a business plan.

A local Training and Enterprise Council, Local Enterprise Company, Enterprise Agency or qualified accountant may be able to help draw one up or at White, Reeves and Salsbury we have many years experience producing and analysing business plans.

Many lenders also have their own publications containing advice on how to plan and monitor a business, as well as specialised small firms advisory offices. 

 
White, Reeves and Salsbury Business consultants can provide Business Plans from £500.00 or if you would prefer we can provide business plan templates which you can utilise yourself.

White, Reeves and Salsbury Business consultants can also provide IPO and private placement documentation.

Business Plan Advice

In addition to having a business plan, any person raising money for their business must convince the lender of a personal commitment.  This plays a crucial role in influencing the lender, and it is not always measured in terms of finance. Each case is judged on individual merit. A business plan can emphasise commitment.

The requirements of a business plan:- A potential lender would expect to see information on:

• MANAGEMENT
• PRODUCT OR SERVICE
• MARKETS
• THE BUSINESS OBJECTIVES AND STRATEGY
• FINANCIAL PROJECTIONS
• FINANCE REQUIRED
• SECURITY AVAILABLE
• MANAGEMENT INFORMATION SYSTEMS
• PRINCIPAL RISKS

If you would like to discuss your business plan or you would like to consider having a business plan, talk to White, Reeves and Salsbury today.