Thursday, January 21, 2021
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Making business plans for new and existing businesses

In the context of the above quote, if you do not know the purpose of your business, then you may not know whether there are favorable conditions for their fulfillment.

Did you know that some Western multinational corporations have business plans that cover a period of 100 (one hundred) years and are updated every year ?! Every serious company must have a business plan. Not only because it is a necessary sketch, without which no bank or financial institution will take you seriously and will not want to cooperate with you.
 

The business plan is first and foremost for you and your company. Every true entrepreneur must have a vision of where he wants to see his company. Every business must have goals and a mission. In the long run, strategic vision is needed to realize your vision! In the short term, however, tactical thinking is needed on how to steer a business toward its goals and mission.

This is precisely the task of the business plan – through a detailed analysis of current placements in the internal and external environment and sound projections of future market trends and directions, to guide it properly. At the end of the day, in order for an entrepreneur to run a profitable business, he must offer a solution that will satisfy some of the customer’s needs in an efficient and effective way.
 

Therefore, a business plan must take into account the market and the market environment (consumers and competitors), the technological factors that influence business, social and social factors, the relevant legislation, the economic situation in the country, the political situation, etc.

From all this analysis it is necessary to identify opportunities and threats for the enterprise, as well as ways in which they can be canceled or exploited. You must identify the internal strengths and weaknesses of the business venture, analyze the products and services offered on the market and the needs they meet, employees, their skills and competencies, activities, processes and procedures, business policies and daily business practices. . Only by a critical analysis can they identify the strengths and weaknesses of the firm.

Foreseeing future directions and trends, a comprehensive analysis of the relevant factors for which various tools are used is required: assessing market attractiveness requires analysis using the BCG and GE matrices, proper planning requires scenario analysis, etc. . Let us, with our knowledge and expertise, help you along the way to achieving your vision! Help yourself by translating into a written document everything that is important to your business! The cost of setting up a business is subject to contract and, depending on the client’s needs, starts at 500 euros + 18% VAT for a start-up business plan of about 20 to 30 pages. All of the business plans we develop include projections for balance sheets, income statements and cash flow statements for a period of three years.