Business planning

Every business, no matter what size or sector needs a working plan for the future, detailing where you are now, where you want to be and what your strategies will be in order to get there.

A robust business plan is a vital blueprint of the steps you need to take to build your business.

Ellingsworths are experts in the preparation of business plans and related financial forecasts both for use within the organisation and externally, for example to assist with the raising of finance. We can guide you through the planning process and draw up professional plans and financial forecasts for your business.

The benefits of having a written business plan

The benefits of an intelligent business plan include:

·         Progressing the business in the direction of its vision and strategy

o   Aligning short term action plans with medium to long term strategies

o   providing clear objectives and criteria to measure progress towards long term strategic goals

·         Controlling & managing the business

o   Knowing your intended path helps to identify potential obstacles and problems before they arise

o   Robust and regularly reviewed business plans improve the quality of business decision making and reduce exposure to risk

·         Improved communication & coordination

o   A business plan defines and communicates business objectives and responsibilities meaning that everyone knows what the business is striving to achieve and the part they play

o   Stated common objectives improve co-ordination and teamwork towards the common goals

·         Developing and growing the business

o   Preparing the plan often creates new ideas and identifies new opportunities upon which the business can capitalise

o   New ideas can then be evaluated on paper

·         Freeing up valuable management time and resources

o   Careful planning on paper can avoid many unnecessary pitfalls and headaches later on that take up so much valuable management time

o   A business plan will help the business get things right first time and avoid wasted effort

Contact us

Whether you are looking to improve the planning, organisation and control of your business or if you are looking to raise external finance Ellingsworths can help. Contact us now for a free no obligation discussion. We will be delighted to help.

Ellingsworths Auditors, Accountants, Tax Advisors, Business Advisors
The Willows, Maypole Street, Wombourne, Wolverhampton, West Midlands, WV5 9JB
E: T: 01902 896 730