Internal Business Plans-A Guide

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Internal Business Plans A guide from Wisteria Chartered Accountants

description

A comprehensive guide to creating a successful internal business plan from London Chartered Accountants Wisteria. http://www.wisteria.co.uk/

Transcript of Internal Business Plans-A Guide

Page 1: Internal Business Plans-A Guide

Internal Business Plans

A guide from Wisteria Chartered Accountants

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Would you get in your car and drive off on a long

journey without a map?

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Definitely not.

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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.

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So what are you really going to get out of an internal

business plan?

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1. It helps you to define your business goals

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2. It helps you understand better how all the areas of your business work and

can contribute towards your goals

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3. It helps identify any “blockages” and define a strategy to eliminate or work

around them

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4. Assess the strategies that you are currently adopting and

determine if these should continue to be followed

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So who develops the internal business plan?

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This requires the input of all major stakeholders...

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• Managers and staff

• Investors

• Others including customers and suppliers

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Often a business plan consultant will facilitate the development of the plan

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How should an internal business plan look?

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There is no set format and no two plans are ever the same

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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

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The plan outline can normally be completed within a day

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Writing up and presentation can take another day.

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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]