The business plan: Your guide to success
getsix® have many years of experience in providing quality service in the field of bookkeeping, accounting, taxation, financial management for our clients operating business in Poland. getsix® have additionally vast experience in the field of preparation of business plans, feasibility reports, preparation of financial statements and financial analysis.
If getsix® are preparing business plans for our accounting services customers, we are also able to use the business intelligence and analysis functionalities of Microsoft Dynamics NAV in combination with our FP&A solutions. Please read more:
getsix® client’s vision and strategy is the basis for our financial planning services
What makes your company unique? What are your core competencies? What kind of market presence do you want? Your vision will provide the answers to these questions – it describes how your company sees itself moving forward, and points the way toward the future. It is also the starting-point for developing your strategy and defining your specific goals, as well as the steps to achieve them. These elements form the basis of the business plans or parts of it prepared by our respective teams.
Why is a business plan necessary?
A business plan sets out systematically and clearly how your business idea will be implemented or how you want to run your existing business in future, what resources will be required, and what results can be expected by when. It is an essential planning tool for acquiring future business partners such as investors, employees, suppliers or banks.
Our financial planning services
A business plan sets out how our clients business idea will be implemented, what resources will be required, and what results can be expected by when. It is an indispensable tool for acquiring future business partners such as investors, employees, suppliers, or banks.
Structure, form and elements of the business plan
The business plan is a short and precise document. It mentions both positive and negative aspects, and it makes a strict distinction between facts that can be proven and plans based on justifiable assumptions. A professional business plan consist normally of different chapters, whereby the finance chapter is one of the most important ones. See the following sample:
- Company & Strategy
- Products & Services
- Market & Customers
- Production, Delivery & Procurement
- Research & Development
- Location & Administration
- Information & Communication Technology
- Management, Management Instruments & Organisation
- Risk Analysis
In some previous project the chapters 2-12 have been undertaken in co-operation with specific business consulting firms, but the section ‘Finance’ is normally completed by our financial consultants and contains planning figures of our clients future vision and strategy of the following documents:
The income statement is also known as a profit & loss statement. This table breaks down revenue, cost of revenue, operating expenses, depreciation, interest, taxes and bottom-line earnings for the respective planning periods.
Statement of Cash Flow
The statement of cash flow illustrates the company’s cash received and cash spent for the planning period. The table is broken down into three main categories: operating, investing and financing. The operating activities report the company’s business operations. Investing activities detail the company’s property, plant and equipment transactions. Financing activities account for the company’s paid-in capital and debt.
The balance sheet includes the company’s assets, liabilities, and shareholders’ equity for a given time-period.
getsix® provide our business planning services in within our consulting solutions portfolio in accordance with the specific requirements of our clients.