BUSINESS PLAN
While the strategic plan maps the medium or long-term plans of the organization, a business plan is used to document its immediate objectives.
The business plan sets out the direction of a business at any stage in its life cycle. The time invested in creating and maintaining an effective plan pays off by having a successful business venture in the long run.
An effective business plan guides the organization through the stages of its life cycle. Today, business plans are used to attract partners, investors, or other sources of funding into the business. It is a tool used to convince others to work with you to achieve your business goals.
Our approach is to develop the business plan through a series of interviews with our clients to ensure that they are fully invested in the process as the plan is the working guide to their business.
The four service levels for the development of a business plan that meets your business needs and budgetary constraints are summarized below:
- Converting our client notes into a comprehensive business plan. The client is responsible for providing their comprehensive notes in an organized format for compilation. This will include all the necessary research and the building blocks for preparing the financial forecast. The estimated time to complete a business plan using this process is 25 hours.
- Developing the business plan through a series of interviews with the client and assisting them with any necessary research to support the business plan. The estimated time to complete a business plan using this process is 50 hours.
- The development of the plan from the ground up using the client’s brief. We will be responsible for the end-to-end process, including associated industry and market research. It will include a series of interviews to validate the project parameters with the client. The estimated time to complete a business plan using this process is 115 hours.
- Tailored solutions for entities such as banks, insurance companies, mutual funds, hotel/resort development projects and international business structures. The fees are determined based on the scope of the proposed project.
DELIVERABLES
The deliverables for each business plan package are:
- Two drafts of the plan
- The final business plan document
- Five-year financial forecast including, forecasted statement of financial position, state of income, statement of changes in cash flows and monthly cash flow for one year.
- Explanatory notes supporting the financial forecast
The business plan will include the following sections:
- Executive summary
- Project overview
- Project timelines and funding requirements
- Organizational structure
- Executive management team
- Industry analysis
- Market analysis and segmentation
- Business risk analysis
- Operational plan
- Financial plan