BUSINESS PLAN AND BUDGET
The preparation of appropriate financial forecasts can contribute to the financial health of your business but can also allow you to get the appropriate financing to start or grow your business. Rigorous budget indicates to investors and lenders that you have developed a clear strategy and a rational plan.
We can help you develop your business plan, establish your financial projections and search for financing.
The preparation of a business plan is an essential step in starting a business. This is a document that not only allows you to define your project, but also to prove its viability when it comes time to seek financing.
However, creating your own plan can be a complicated process, and you may need our services in order to achieve a professional business plan and optimize your chances of getting the support of investors or lenders.
The preparation of financial projections allows you to:
Provide your future incomes and expenses;
Establish an action plan to reduce costs;
Ensure that you have enough money to cover future expenditure;
Calculate your breakeven point;
Improve your efficiency and productivity.
By basing your projections on figures and realistic assumptions and reviewing them regularly, you will have a clear picture of your business finances.
Obtaining funding to start or expand a business is a challenge. Various types of funding are available on the market such as:
- Grants and government funding;
- Funding from non-governmental organizations;
- Private funding.
You must know that banks and other lenders will expect your business plan to contain specific information they need to reach a decision. These requirements can vary from one lender to another and the kind of business.
We can assist you in the preparation of documentation, solicitations, negotiation and ultimately to achieve the objectives.