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Business Planning made easy with Apps
A business plan helps you to:
- clarify your business idea
- spot potential problems
- set out your goals
- measure your progress
The problem with Business Plans is that they are time consuming to produce, so business owners put off doing them.
But new Apps might change this and make it much easier to produce high quality Business Plans.
http://www.enloop.com/features
There are other Apps too for example..
steve@bicknells.net
Do you have a great business proposal and strategy that will work?
Sometimes even the best ideas don’t get funding at first….
But if you have the right strategy you can still succeed, that’s why a business plan is really important
Approximately a third of all SME’s in the UK don’t have a Business Plan, that’s about 1.5m businesses, so if you don’t have one, here are some reasons why you should prepare one….
- Research by Exact Software shows that SME’s with Business Plans make 20% more profit
- Having a business plan doubles your chances of increasing profits, increasing revenue, attracting new clients
- A well-researched business plan which includes the right figures and realistic forecasts will reassure potential investors you are a sensible investment opportunity
- A Business Plan will help you set out and achieve your goals
- It will help you set goals for your managers and staff
- The Business Plan will help you plan your cash flow and forecast Capital Expenditure
- A Business Plan will help you secure Business Finance and Loans
- You can plan your succession strategy or prepare the business for sale
- A Business Plan tests the feasibility of your business idea
- It will help you plan for the recruitment of Staff
steve@bicknells.net
Business Plans – Do you really need one?
A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.
A business plan helps you to:
- clarify your business idea
- spot potential problems
- set out your goals
- measure your progress
But its no good unless you have business model that works as Doug Richards explains
Research by the national enterprise campaign showed that last year 484,224 businesses were started, compared to 440,600 in 2011.
- There were an estimated 4.8 million businesses in the UK which employed 23.9 million people, and had a combined turnover of £3,100 billion
- SMEs accounted for 99.9 per cent of of all private sector businesses in the UK, 59.1 per cent of private sector employment and 48.8 per cent of private sector turnover
- SMEs employed 14.1 million people and had a combined turnover of £1,500 billion
- Small businesses alone accounted for 47 per cent of private sector employment and 34.4 per cent of turnover
- Of all businesses, 62.7 per cent (three million) were sole proprietorships, 28 per cent (1.3 million) were companies and 9.3 per cent (448,000) partnerships
- There were 907,000 businesses operating in the construction sector – nearly a fifth of all businesses
micro: 0-9 employees, small: 10-49 employees, medium: 50-249 employees (updated October 2012)
The best bit of advice I have heard is this piece from Doug Richards ‘Take the Order’
http://www.youtube.com/watch?v=aJgcl-JcUfc
Once you have a business model that works, then create a business plan, here is a link to some free plans to get you started http://www.bplans.co.uk/sample_business_plans.cfm
steve@bicknells.net
Business Accountant 