Business Planning

Our overriding objective in this area of service has been to ensure the delivery of high quality service to our clients by developing practical solutions to enhance business performance. Business planning is an essential part of a business strategy as it gives business owners a current assessment of the business as well as a roadmap for the future. It also helps a business grow, both organically and inorganically. The objectives of the business plan are first to develop and communicate a plan of action that will achieve the company’s strategic objective. Afterwards, it provides a means of monitoring progress towards that objective and of stimulating alternative action if the objective is unlikely to be met by the original plan. These cannot be achieved unless the plan defines the strategic objective and includes benchmarks or performance measures at key stages during the year. For a business plan to be effective those who will have to implement it should own it. So, it cannot just be delegated to a consultant. But an experienced business planning consultant can add value to the process, whilst ensuring that ownership is in-house. Business plans must be seen as a tool to present a current assessment of the business as well as give direction to development and growth. It is necessary to have an up to date business plan in order to secure funding; ranging from an overdraft facility, bank loan, grants or venture capital funding. BaZ Consulting, on the basis of the information provided, will prepare a professional business plan acceptable to banks, financial institutions and investors.