Our view is that business planning is not just about gathering information but more importantly about how you use it in practical terms to convert your business idea into successful reality.
We have worked with hundreds of people from all walks of life and helped them to set up successful businesses from just about every idea imaginable and used this experience to design an internet based business planning system to equip you with the skills and techniques to plan, set-up and run a successful venture.
Here’s how it works.
Your starting point is to use our software to carry out a viability assessment to set targets for sales, operating costs and the number of orders you need to be able to achieve a set profit target. The rest of the business planning process is for you to go through a simple and easy to understand stepwise procedure designed to prove the targets are realistic and achievable. In doing this you will appreciate how the different parts of your business inter-react and work together and learn how you can adjust sales and costs to achieve your financial objectives.
This is explained with the aid of the following diagram:
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The Viability Assessment sets the targets for the completion of Steps 2 to 4 inclusively. |
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Marketing, is carried out to demonstrate sufficient demand to meet for your product and service offer and generate a sales forecast for use by finance. See Step 4 |
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Operations, involves confirmation of the resources and costs needed to run the business and process the target sales forecast. Like the sales forecast from marketing, operational costs are used by finance. See Step 4 |
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Finance, takes the values of operating costs from sales to give a profit forecast to confirm that the target from the viability assessment can be met. If the information generated from marketing and operations fails to confirm achievability of the profit target set by the viability assessment you can adjust sales and costs until you either identify the parameters that meet our requirements or alternatively to arrive at the conclusion that your business idea is unviable. |
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The finalised information from Steps 2, 3 and 4 is copied into a business plan along with the results of exercises carried out at Steps 6 and 7. |
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Risk Assessment, involves taking a critical check of the business plan to identify anything that could possibly happen to risk achievement of your profit targets and developing a contingency to put in place o minimise or offset the risk. |
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Action Plan, provides an opportunity to create an action plan of all the things you must do at the start-up stage to ensure achievement of your profit targets. |