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Disclaimer

 

The information on this site cannot be relied on as accurate and up to date. We strongly advise you seek the advice of accounting and tax professionals before making any accounting related decisions.

Visit SM Accounting Ltd

This site contains free bookkeeping and accounting courses and is ideal for anyone looking to learn finance, bookkeeping or accounting. This site contains information on double-entry bookkeeping, basic accounting, credit control, business planning, etc. 

* We do not offer refunds on any digital products purchased on this site. 

I Need a Business Plan!

September 29, 2015

If you are in need of a business plan for your business or company, you have come to the right place! The Bookkeeping Master is a Business Planning expert! In this post I will list details of my business planning services and also give some insight into business planning.

 

What is included in a business plan?

 

From the accounting or financial perspective a business plan usually consists of a projected profit & loss statement, a projected balance sheet, a cash flow forecast, a sales forecast and an expenses forecast. All of these financial documents usually cover anywhere from 1-3 years of projected trading.

 

Why do I need a business plan?

 

I have seen so many businesses fail, usually within the first 6-24 months. A business plan ensures that your business is going to be profitable and that you are going to have sufficient cash... If cash runs out, your business is over. A business plan also helps you to write down your business vision and provides reasonable business goals. If you are hoping for external investment or a bank loan for the business, it is highly likely that you will need a business plan. The businesses that have been the most successful are those that have planned.

 

How much do business plans cost?

 

The Bookkeeping Master offers a business planning package for £250.00. If you would like further details or would like to proceed with your business plan, please email Sam at info@bpfs-online.com The cost covers a 3 year period of projected profit & loss statements, projected balance sheets, cash flow forecasts, sales forecasts and expenses forecasts. 

 

Can I do my own business plan?

 

It is possible to create your own business plan but you need to ensure you know what you are doing. To help you, I have uploaded a business planning video series to YouTube. Click here for my business planning course.

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