Before You Start A Business

The management should head the strategy planning. In general, it usually involves the decision-makers and prime movers of the company, but it is important to note that a good strategic plan must consider the inputs of all members of the organization.

Strategy planning is usually a long-term plan with a scope of at least three to five years. After each term, the organization must present its accomplishments and revisit the initial strategy plan and see if there is a need to revise it.

A Feasibility Study starts with a preliminary analysis by preparing an outline of the project plan. You will also need to prepare a projected income statement. After, you must conduct a market survey or research. The data from the market survey will help you come up with the answer to your study.

It is important that your feasibility study must include the availability of resources and technology and if your investment grow.

Yes. However, it must be noted that such studies are best to be assisted by a third-party service provider to avoid biases and maximize their resources.

We have a holistic approach to financial planning - it is a long-term action plan, one that considers all financial opportunities and risks, including retirement, investments, and expansion.

Budgeting only covers a specific time period whilst financial planning is a long roadmap for your business’ financial aspect.

Regardless of your company’s size, financial planning is an essential part of your business to clearly determine the cash flow of your business.

A properly made investment pitch will help you convince any investor that may come your way. It delivers the readiness of your company to welcome a bigger version of your company.