Successful businesses make plans and regularly measure their progress against them. Secantor executives are experienced in helping you to make a great plan to reach your business ambition. We'll help you translate your plans into actions and identify the right people in your business to take responsibility for them. Our executives will also help you measure progress and hold you and your team accountable in achieving your plan.

Why do I need a Business Plan?

Arguably, the process of developing a business plan is as valuable as the result. It raises key strategic questions and debate that might not otherwise happen, helping you and your team to agree on vision and priorities. It requires you to take a step back and look at your business from the outside, examining your market, customers & competitors. The result is a statement of how the business will maximise opportunities and counter threats given the external factors.

Alignment, Cohesion and Action

Once completed the plan becomes a focal point for the business aligning the whole team around a clear vision and set of goals. It gels the team with a shared purpose and understanding. The outcome from the plan is a series of actions that are assigned to members of the team. In this way the plan becomes a reality.

How do I write a business plan?

There is no single ‘right’ way to develop a business plan but there are a number of key elements it should include. The overarching aim is to analyse the external environment and develop your business’s response. This is then turned into actions. An independent expert can add great value to the process, providing an external impartial view, and holding you to account in delivering the actions.

It is essential that your business has the right plan. Keep it clear, simple and achievable. Make it action-based and follow it through.

Business Plan and Financial Forecast - the perfect match

Once you have created your business plan you need a financial plan to work alongside it. By turning your plan into a numbers a Management Accountant or Finance Director will illustrate the financial consequences of your chosen strategy. This financial forecast is usually set out over 3 to 5 years with year one representing your budget, broken down into months against which your actual financial performance is compared. This allows you to identify and take corrective action if you deviate from the plan. The model can also be used to support an application to borrow funds or seek investment.

If you'd like help creating your business plan or financial forecast model, please get in touch with us.

Book A Free Consultation Today!