Business Plan is a helpful reporting tool not only at start your business but also during every stage of your business growth. It helps you to structure your thoughts and put in a document clearly organised manner. Sterling Finance will help you convert your thought in to a business model which can be reviewed and tested from time-to-time to understand what you planned and what is the actual reality. It is a very powerful tool and your valuable guide in running your business.
If you need to obtain business loan, majority of the lenders [e.g. bank] would certainly insist on Business Plan as a starting point. Sterling Finance can prepare the business plan for each type of your business need. We can also present business plan to the bank on your behalf and negotiate the loan offer to help you save interest costs and bank charges.
Generally businesses with written plans are far more likely to be successful than those without. A good business plan not only sets out your vision and your objectives, but also the shows to accomplish them.
Sterling Finance, being well-established company with extensive experience, is able to present professional and realistic business plans as required. These business plans have been successfully utilised by our clients in order to obtain bank loans and other financial institutions.
The benefits of having a business plan include:
Helping you to clarify your vision and deciding whether or not to forge ahead with the idea
Determining if your product and/or service has a sufficient market to support it and whether or not it will be profitable
Providing an estimate of your start-up costs and how much you’ll need to invest or finance
Convincing investors and lenders to fund your business
Defining your target market (who your customers are or will be) and how to best reach them through strategic marketing actions or expanding market coverage
Establishing or revaluating your competitive position within the marketplace, by conducting a thorough analysis of the competition (finding out where your competitor’s weaknesses are and how you can take advantage of them)
Helping your business make money from the start by developing effective operational strategies
Understanding the risks involved and anticipating potential problems so you that can solve them before they become disasters
Setting a value on a business for sale or for legal purposes