Resources Unlimited works with clients in the development and writing of business plans. We serve as the facilitator to work with small or large businesses to focus on developing the company strategy and approach to how the plan should be written. Our experience has helped many new as well as established companies bring new products to market and exit others.
Small businesses play an important role in today’s challenging economy and can be considered a driving force for our success. However, there many reasons that can be factored into their failure – led most often by the lack of planning, lack of experience, and insufficient investment capital.
The ability to develop a business plan well is a critical factor in the company or firm’s success. The business plan is an essential roadmap for any business’ success. This document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.
The business plan includes a description of a company or small business, its services and/or products and how the business will achieve its goals. The plan includes the overall budget, current and projected financing, a market analysis and its marketing strategy approach. In a business plan, a business owner projects revenues and expenses for a certain period of time and describes operational activity and costs related to the business.
The idea behind putting together a business plan is to enable owners to have a more defined picture of potential costs and drawbacks to certain business decisions and to help them modify accordingly before implementing these ideas. According to recent data, those newly formed businesses that completed business plans were nearly twice as likely to successfully grow their businesses or obtain capital as those who didn’t write a plan.
More than obtaining a loan, getting investment capital, making a major purchase, recruiting a new team member, thinking more strategically, and growing the company, developing a business plan is your pathway to success. Why don’t you let our experienced team help you?
