Business Planning Advice and Business Plans

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Business Planning
Where a business is planning expansion that usually also requires long term additional finance. If the business has a completed business plan it will significantly lower the commercial risk of that expansion, because all the key areas will have been considered and resolutions achieved to any issues.
Because the risk is known to be lowered, it has become routine for lenders to require a full written plan to accompany the financial projections.

OSG is experienced in assisting the preparation of these plans and has a number of structural frameworks to provide a start point. In addition to the business plan helping raise finance it will also provide a document for reference and a strong tool to keep up to date and manage. It will help your business to record information, provide comparisons with budget and actual figures and help you to record variances and investigate the reasons for them. It will also help you to research inconsistencies and to prepare contingency plans where you need them.

The plan may highlight where you need ‘extra help’ within your business, whether this is the development of a clear marketing strategy or more focus and clarity with key performance indicators.

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Richardson Groves is a partnership, registered for VAT under reference 520 0890 83. Partners in the firm are members of the Institute of Chartered Accountants of England and Wales (ICAEW) or the Association of Chartered Certified Accountants (ACCA) or the Chartered Institute of Taxation. All these bodies have their headquarters in the UK, and their rules of Professional Conduct can be obtained from their respective web sites listed under "Useful links". Richardson Groves are authorised to act as statutory auditors by the ICAEW. Additional technical standards which apply to the firm's work can be accessed via the Accounting Standards Board, the Auditing Practices Board and the Chartered Institute of Taxation.