Dunn and Ellis

Business Planning (forecasts)

Business Planning

There appears to be a greater requirement for management information. These may be for your personal use, or as a requirement for grant funding, or a request from bank managers.

The management information would consist of the following;

  • Preparation of Cash flow forecasts
  • Preparation of monthly or quarterly accounts
  • Business plans, as required for business start-ups or as part of
    an application for grant funding

Every business should plan ahead and forecast the businesses' expectations, not only to ensure success but also to guide a business through difficult times. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.

Business Plans and Startups

Virtually every business should invest time in developing long-term objectives and targets, starting with easily achievable targets to developing a long term view for future goals.

We have a considerable amount of experience to assist and advise you in achieving your aims and objectives. The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan.

As a business owner you have no doubt been reminded on more than one occasion of the importance of business planning. And we are generally all in agreement that planning is important.

Unfortunately we rarely set aside the time to devise and formulate a plan or plans, instead we prefer to rely on our judgments, rather than forecast planning.

It is our belief that we should encourage our clients to review their expectation of their business by regularly reviewing their objectives, as a guide we would suggest setting aside time to:

  • Prepare and construct achievable goals, both short and long term.
  • Regularly monitor performance of these goals and make any adjustments required.

In doing so you will help your business grow, and reduce the impact of unexpected changes.

 

Business Start-Up

Business Plans and Startup

Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they may not be experts in the legal and financial aspects of running a business and such matters often appear daunting.

We will help you to:

  • Decide on the most suitable structure for your business - sole trader, partnership or limited company;
  • Prepare a business plan, cash flow projections and trading forecasts, these may in fact be required by your bank, or a requirement for grant funding
  • Assess your financial needs, and advise you as to the most suitable finance for your business needs;
  • Assist you in making contact with a suitable bank manager so as to enable you to establish a good working relationship;
  • Complete any registration procedures with Companies House and H M Revenue & Customs;
  • Deal with company secretarial issues;