The key to a successful business is a profound business development plan. A business plan shows the intent of a business and how it will deal with routine matters and other strategically important areas. How the business will manage its working capital needs, how to exploit potentially feasible investment opportunities and from where to finance the money required for investment, etc.
After forming a business plan, periodic monitoring and comparison of actual performance with the plan and budget are crucial to continuous development.
Whether you want to start a new business or find out the best way to expand your business, we can help with the following business development services:
Strategic & Business Planning
Effective business planning is crucial for both the short and long term survival of the business. Especially for the businesses in the growth and development phase, there should be a solid business plan to streamline all the business activities from production to sales and from fundraising to investments.
There should be some set targets and goals to assess the performance of an organisation; performance indicators then indicate how the company is performing to achieve those targets.
Key Performance Indicators are simply the tools that suggest the company’s performance towards an intended result both in the short term and in the long run. Performance indicators can be both Financial Performance Indicators that assess the company’s financial perspective; and Non-financial Performance Indicators such as productivity and innovation, etc.
We will examine important areas of your business where improvement is needed and devise a plan which suits your current situation and aims toward a brighter future.
Financial Projections
Financial Projections is the projections or forecast of the future financial needs of a business its expenses and revenues. Financial projections help a business monitor when it will have extra funds and when there will be a cash deficit. In this way, a business can foresee possible fundraising programs and capital investment opportunities.
Financial projections are made after determining the availability of finance and financial needs of a business after taking into account relevant contingencies. After the business has started working on the project, actual results are compared with the forecast to check for and control any variances.
Secretarial & Start-Up Services
We offer an efficient and cost-effective service to set up a company. We use compatible software to generate an appropriate application, which upon your approval, is submitted to the company’s house electronically.
Besides setting up a company, we also provide other services such as; corporation tax and VAT registration, secretarial services, acting as agents on behalf of the company, devising suitable equity and debt structure, and entitlement to available allowances and tax reliefs.
The majority of startups and SMEs fail in their initial stages of the business; this can be due to; a shortage of money to run day-to-day business activities, ineffective marketing tactics, bad partnerships, and practising in the wrong market.
We provide a bundle of services to business startups, including fundraising plans, business plans, budgets, and forecasts; it is a complete package with almost all accounting services. You just have to hand over your accounts department to Care Accountancy and focus on other crucial areas.