The business plan is the blueprint and founding document for setting up your company and getting it started. It answers the question of “what do I want to do?”.
A complete business plan includes your company’s organizational structure, operational and marketing plan, and financial projections. Its purpose is to define where you want to take your business and includes initial goals and objectives, structure and processes, products and services, and financial resources.
Our business plan process involves;
- Environmental scanning
- Feasibility analysis
- Project report preparation
- Evaluation, control and review
A strategic plan, on the other hand, answers the question of “how can I do it?”. It includes a detailed action plan with specific activities, due dates, and responsible authorities of each pursuit for the next few years to achieve your company’s goals.
A well-written strategic plan ensures any growth initiative is undertaken in a coordinated, systematic, and informed way. It can play a pivotal role in your business growth and success because it tells you and your employees how best to respond to opportunities and challenges.
Our strategic planning process involves;
- Discuss mission, objectives & targets
- Environmental scan (Internal, external and industry)
- Strategy formulation
- Action plans (Implementation)
- Performance tracking & control
Budgeting involves identifying, prioritizing, acquiring, and allocating the resources needed to carry out the strategic plan. It helps a business identify future financial needs and plan based on expected profit, expenses and potential cash flow.
Creating, monitoring, and managing a budget is the most effective way to keep your business – and its finances – on track. It helps you allocate resources where they needed so that your business remains profitable and successful.
Our budgeting process involves;
- Define budget objectives
- Develop a base budget
- Prepare and review budget
- Post and report results
- Monitor, Progress and Amend