You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Northampton: 01604 630745
Rugby: 01788 575037
Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. We consider why you should draw up a plan and what it should include.
We consider why you should draw up a business plan and what it should include. If you are starting, or have recently started a business in the Northampton and Rugby area we, at J R Watson & Co Accountants, can help you develop a business plan.
Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. It is one of the most important aspects of starting a new business. Your plan should provide a thorough examination of the way in which the business will commence and develop. It should describe the business, product or service, market, mode of operation, capital requirements and projected financial results.
Preparing a business plan will help you to set clear objectives for your business and clarify your thinking. It will also help to set targets for future performance and monitor finances and profitability. It should help to provide early warning for when you might need to reconsider the plan.
Always bear in mind that anyone reading the plan will need to understand the essentials of your business quickly and easily.
The business plan should cover the following areas.
Putting together a business plan is often seen as a one-off exercise undertaken when a new business is starting up.
However the plan should be updated on a regular basis. It can then be used as a tool against which performance can be monitored and measured as part of the corporate planning process. There is much merit in this as used properly it keeps the business focused on objectives and inspires a discipline to achieve them.
If you are starting, or have recently started a business in the Northampton and Rugby area we, at J R Watson & Co Accountants, can help you develop a business plan. We can look forward with you to help you put together your best possible business plan.
08 Jul 2020
On 8 July, Chancellor Rishi Sunak announced a three-point plan to support jobs in the wake of the COVID-19 pandemic when he delivered a Summer Economic Update to Parliament.
Chancellor Rishi Sunak announced a temporary cut in the rate of Stamp Duty Land Tax (SDLT) in order to boost confidence in the flagging housing market in his Summer Economic Update.
On 1 July, changes to the Coronavirus Job Retention Scheme (CJRS) saw flexible furloughing introduced.
Would you like to download our mobile app from the App Store?