Business planning is a process that involves the creation of a mission or goal for a company, as well as defining the strategies that will be used to meet those goals or mission. The process can be very broad, encompassing each aspect of the operation, or be focused on particular functions within the overall corporate structure. Often, it involves the use of resources within the company as well as engaging the services of consultants to assist in designing and implementing the plan. There are several points in the life of a business when the process of business planning is an essential task. Starting up a new company involves performing at least rudimentary planning to address such factors as defining the goals of the company, obtaining operating licenses, incorporating the business if appropriate, and defining the basic structure for the new business. Along with these factors, business planning will also address the issue of what goods and services to offer and how to go about producing those core products. With the experience in working with/for numerous startups and already functioning companies we have a complete understanding of how to take these steps as well as build and implement business planning efficiently.
Building Business Plans
A strong and thorough business plan is one of the most important documents a company either start-up or established can have in its tool box. It is the ground work and map which provides direction from inception to exit strategy.
This is a time consuming process which needs serious attention to assist in longevity and planning for a business. We have done this for companies in a variety of industries and understand necessity in doing it correctly with detail.
Most investors, banks and other companies will require this document to invest, approve a loan or consider for an acquisition or merger. If you don’t know what your plan is neither will they.