A business plan is a formal statement of business goals, the reasons why they are attainable, and the actions required to achieve those goals. An organisation needs to formally adopt their business plan which should closely follow the strategic direction of the business.
Business plans may also target changes in perception and branding by the customer, client, tax-payer, or larger community. When the existing business is to assume a major change or when planning a new venture – a 3 to 5 year business plan is required since investors will look for their annual return in the 3 to 5 year time.
A professionally written Business Plan is essential when looking for grant funding or investment and can even be required by banking services. But it is also incredibly useful for focussing the direction of a business – what is it that we really do, what do we want to achieve?
This is why the business planning process is not a one off event but rather a process of review, measurement and adjustment on a regular basis.
Let researchit employ their expertise in writing Business Plans for your business to set out very clearly your business direction.
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