A business plan is an essential tool to any new business, no matter the legal structure or industry. Without a business plan, your business will not be able to navigate many of the hurdles every business has to deal with such as managing working capital, cash flow, borrowing and satisfying the ever changing requirements of HMRC. Having a poor business plan, or no business plan at all, may mean that borrowing to manage the business’ day to day working capital or investment requirements is nearly impossible to come by, stunting the potential growth of your business.
A comprehensive business plan can make the difference between success and failure
We have been creating bespoke business plans for a wide range of businesses for many years, ensuring that the owners are in control and that they understand the potential risks and opportunities facing their business. This process also ensures that all funding requirements are understood in advance. We advise clients on the most appropriate financial systems, management and controls required to accurately record transactions and maintain the financial records required by HMRC and Companies House.
The business plan will explore all the key and critical factors of the business, its major goals and aspirations along with the pitfalls and hurdles it will need to overcome to be a successful business. The resulting plan will be laid out in a clear manner, allowing you to understand and visualise the road ahead allowing you to focus on what you do best with confidence. More than that, Gibson Accounting have a comprehensive understanding of accounting regulation, UK tax law and how HMRC interpret this, allowing us to provide you with the right advice and the confidence that all your tax, accounting and business affairs are in order, leaving you free to concentrate on making your business a success.
Why not speak to the team at Gibson Accounting to see how we can help you lay out your business plan effectively and plan for the road ahead. Simply contact us via the below contact form to arrange an appointment to discuss your options.
Gibson Accounting is an accountancy practice authorised and regulated by the Association of Chartered Certified Accountants (ACCA). We were awarded our practicing certificate and started trading in 2009. We have steadily built our client base mainly through recommendations from satisfied clients. Our aim is simple: We want our clients to know that all their accounting and taxation needs are being looked after and are in hand, so they don’t have to worry enabling them to concentrate on doing their job.Learn More
Many people venturing into the world of business by starting up on their own find that, while they are experts in their specific commercial field, their understanding of the complexities of the financial world of accounting and tax regulation, including working with HMRC and Companies House, is simply not as strong. The first step to success is ensuring that you have sought advice from an experienced professional, commercial Accountant.Learn More
Without healthy cash flow, even the best businesses idea will be stifled and potentially fail. It doesn’t matter how full your order book may be, a lack of cash flow stops you being able to purchase materials, pay your suppliers and your staff. This will lead to a damaged credit rating, lenders refusing further credit, suppliers refusing to work with you, the loss of your best employees and an inability to service your customers – potentially the end of your business.Learn More
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Please contact us if you would like any further information.