Internal Business Plans-A Guide
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Transcript of Internal Business Plans-A Guide
Internal Business Plans
A guide from Wisteria Chartered Accountants
Would you get in your car and drive off on a long
journey without a map?
Definitely not.
So...Developing a plan for the future and identifying the steps to get there is essential if your business is to have a chance of success.
So what are you really going to get out of an internal
business plan?
1. It helps you to define your business goals
2. It helps you understand better how all the areas of your business work and
can contribute towards your goals
3. It helps identify any “blockages” and define a strategy to eliminate or work
around them
4. Assess the strategies that you are currently adopting and
determine if these should continue to be followed
So who develops the internal business plan?
This requires the input of all major stakeholders...
• Managers and staff
• Investors
• Others including customers and suppliers
Often a business plan consultant will facilitate the development of the plan
How should an internal business plan look?
There is no set format and no two plans are ever the same
However, the plan should be...
• Detailed in the areas requiring detail (such as financial plan or marketing plan etc)
• Focused at problem solving and planning your business’ future.
• Analytical and forward thinking
The plan outline can normally be completed within a day
Writing up and presentation can take another day.
Where can I go for more information?
Wisteria’s business plan experts can help you no matter what stage your
business is at. For more information visit:
www.wisteria.co.uk
Or contact us on:020 8952 0140
Email [email protected]