Get your business to where you want it to be with a business plan
As a business owner, you have a million and one things you need to do. It’s so easy to get caught up in the day-to-day, working out queries around your finances, compliance and staff, that you never get a chance to take a step back and look at your business as a whole, or check on whether you’re achieving what you set out to achieve.
Business plans are there to help, providing an essential touch point to help ensure your business is achieving its potential. A business plan can provide a base for you to make all your business decisions on – from finances, to staffing, to strategy – and offers a consistent source for you to go back to every time you review your business.
No matter what size your business is, whether just starting out or well-established with years behind you, a business plan will help make sure you’re achieving your vision.
Helping you to navigate uncertainty
Business plans are also essential for managing change – when significant events occur, particularly unexpected ones such as COVID-19, business plans help guide you through, providing a foundation and guiding document as you navigate through the uncertainty.
Your business plan also helps inform your other key business documents such as your budget and strategy.
Understanding your sector and region
Business plans require careful thought, which is why we tailor any business plan to your individual circumstances. A comprehensive business plan must take into account all of the strengths and opportunities available to you, as well as what risks are facing your business. They require an extensive understanding of your particular sector and region and other circumstances that might inform your targets and goals.
When you’re so engrossed in running the business, it can be hard to know where to start. That’s where BDO’s advisers come in. Our sector-specific teams have extensive knowledge of your industry, and our presence across Aotearoa’s regions means we understand the unique local conditions your business operates in. We tailor your business plan to your individual needs, size and maturity.
We can help you create a business plan, no matter what stage you’re at, and also run regular reviews to help you meet the goals set out in your plan.
To learn more about how we can help you create a business plan – to help your business be the best it can be - contact one of our local offices today.