Business Planning Services
Why do you need a professionally written and accurate business plan?
Let’s look at it from a different angle, there are 3 key reasons how it can negatively affect your business
Let’s explore why you should have a business plan
When you start a new business it is just like going on a new road trip. In order to get somewhere you haven’t been before you need a map or a SatNav to help you negotiate the journey and get to your chosen destination safely and on time.
Therefore a good and professionally produced business plan is what you need to help you start and successfully negotiate your new business journey.
Continuing this analogy, your business is your vehicle and you need to ensure it is ‘fit-for purpose’ and you have everything you need before you set off (business resources – staff, stock, equipment, suitable premises etc.) with planned stops to check your progress along the way (i.e. you have a good monitoring process to check financial performance against your projections) and take on sufficient fuel (working capital) when necessary to make sure you don’t run out – or in your case ‘Go Bust!)!
Why should you choose NGI Franchise Funding to assist you with your business planning?
The Business Plan format we use has been recognised in the UK Franchise Sector as the best for well over 12 years and we have a 95%+ success rate in raising the funding our clients need.
Key reasons why you should choose our business planning team:
What will the business plan look like?
- An impressive and comprehensive document
- Easy to use and understand
- And based on:
- WHO you and your Franchisor are
- WHAT you are going to do,
- HOW you are going to do it and
- WHY you think you will be successful
- WHERE your franchise territory is and a description of the market place.
- WHEN (and how) you will be able to repay any borrowing!
- It will of course also have a full set of financial projections normally for the first 2 or 3 years
- An introduction to the Franchise brand and an explanation as to how they support the franchisee with the development of their businesses through both the start-up and growth stages (this helps to gives confidence to any lenders).
- An introduction to you so that a Franchisor and a lender can get confidence in your ability to create and run a profitable business.
- An explanation of what you are going to do, what your business objectives are and how you plan to achieve them.
- An explanation of the local and national market for your products and/or services plus the competition you are likely to face.
- Your marketing proposals to help you achieve success in your territory and against the competition.
- Details of the physical and human resources you will need together with the related costs.
- A full set of financial projections for the first three years (monthly P&Ls, monthly cashflow forecasts, projected end of year balance sheets) to show profitability (i.e. is it all worthwhile doing and likely to meet your expectations and the expectations of your franchisor and any lenders) and the related cash needs (i.e. how much working capital will you need and therefore can you afford to do what you are planning to do?)
Interested to find out more about how the team at NGI could help you…
Simply complete the following form and one of our Business Plan team will be in contact to talk you through the process and explain our simple pricing system.
Please remember that NGI Franchise funding can use your business plan for you to obtain the finance you may need! Just ask the experts!