A business plan helps companies to define in detail realistic business opportunities within the framework of the market. Also, a business plan is useful in situations where companies lack capital to start a project or a certain business, so it is necessary to go to competitions or in front of investors and present a business plan before receiving subsidies or investments.
Creating a business plan is an extensive and complex process, because elements from the field of marketing, market and competition research, production organization, as well as the creation of financial plans. We at the T Accounting agency offer consultation and business plan creation services.
In addition to the business plan, it is desirable to create a feasibility study. It is a document aimed at assessing the economic viability of the project. Having a quality feasibility study protects companies from unprofitable future investments. The feasibility study looks at potential obstacles, difficulties, but also facilitations that may occur during the life of a project.
Reasons for creating a business plan
A business plan is helpful, especially in today’s unstable business, because it helps companies to more easily adapt to changes in market conditions. Adaptation is easier if you manage and plan your business activities wisely so that the goals and benefits of the business plan are multiple:
A business plan helps companies to achieve stable business. It helps companies to more easily obtain loans, investments, subsidies and other types of financial assistance. It helps to eliminate external influences and changes in business conditions and the environment.
Elements of a business plan:
- Summary
- Data and description of the company
- Defining products or services
- Market analysis
- Marketing strategy and plan
- Financial plan
- Capital allocation and consumption plan
Contact and cooperation
At the T-Accounting agency, we offer consultation services and the creation of a business plan. Contact us for cooperation.