Business Plan Preparation

When starting a business or in the middle of the way while a company decides to expand the business and produce a new product, the need to prepare a business plan is raised.
Our client in this area was a FinTech company that has produced a product to facilitate electronic invoicing based on the regulations. The client’s primary need was to prepare a business plan for approval by the board of directors and to have a three-year revenue roadmap for the company.

The output of the project to the employer was:

1. Project team and competency list
2. Value proposition canvas
3. Business model canvas
4. Market strategy
   1. Analysis of markets
   2. Target market segmentation and selection
   3. 4P
5. Developing the organization’s strategy
6. Business risk analysis
7. Financial analysis project

Some investors call the business plan just a document for manipulating numbers and consider it a product of the business owner’s imagination and usually ignore it. Market dynamics and unpredictable changes in the environment are the basis of this argument, which is not wrong. Our experience is that the financial analysis part of the project, if not supported by a strong business foundation, is the imagination of the business owner and cannot be relied on.

In our opinion, the comprehensive business plan prepared by the experts in this field helps the business owner to look at the business from a different angle. By looking more closely at the outputs mentioned above, the amount of rationality in a business plan will increase.

In this sense, the business plan that is prepared with the seriousness and participation of the business owner and the experts as a comprehensive plan will help to advance the business.

Ready to take your business to the next level? Contact us today and get a free consultation. 

Categorised in: projects