The Accountancy | Accountants for Business Plans and Forecasts

Business Plans and Forecasts

Business Plans and Forecasts

Do you have a great idea for a business, but just need to make it a reality? This may mean that you need to approach a financial lender to make an investment in your plans and help give you a kick start.

If you do decide to apply for business funding then creating a professional, detailed business plan is going to be a fundamental tool in helping you to make your dream come true.

What is a business plan?

A business plan is required by the majority of start-up businesses to secure their funding. They are required to show that their idea of the business can turn over a profit and that it is goThere are a variety of points that should be covered in your business plan. This is to show potential lenders exactly why they should be investing in your business. Some of the most important points include:

  • Where you fit into a gap in the market
  • What the goals of the business are
  • What the Unique Selling Points are

Not only this but a good business plan should also include a forecast too.



What is a forecast?

A forecast is a financial look forward to how your business is expected to perform; comparing the capital investment that you need with how much money can be expected to be made by your business in the long run.

It is often requested by lenders in order to check that by placing an investment in your company, they will see a return.

So how can an accountant help with these?

As experts in the world of business funding, an accountant can be your guide when it comes to putting together your forecast as well as your business plan. They know exactly what should be included in the business plan to attract potential investors and the best way to present it.

In doing this, they are likely to increase your chances of successfully securing funding and giving your business the kick start that you need.