Business planning is like the sat nav for your business, it helps you plan the way forward.
We can help with forecasts, budgets and cashflow planning.
Sometimes a business can succeed by being in the right place and right time. More often however, success comes from planning, right from the business idea and then throughout the lifetime of the business.
Cashflow is so important to any business but without proper planning it's easy for a business to overtrade and run out of cash which leads to unnecessary borrowing or, even worse business closure. This is why forecasting is so important and why the business numbers need to be up to date.
All businesses should be working with at least annual budgets but the need to remain agile and adjust as the year goes on is paramount.
All of the potential pitfalls can be avoided if a business utilises their accountant properly while the business owners get on with the good stuff...running their business.
OK, so what next?
An often forgotten part of planning is the exit strategy. Yes, the business is your baby which you've built up from day one but it's unlikely that you will want to work forever. You may have a plan to pass it on to family, engineer a management buy out or simply prepare the business for sale.
Having a longer term plan and exit strategy in place enables you to make business decisions that maximise the business' value which in turn equates to a long, happy and healthy retirement.
We would love to help you. Call Rebecca on 01604 330220 or click below to book an appointment to discuss your plans.