"If you fail to plan, you are planning to fail"- Benjamin Franklin

Startups

If you are thinking of starting a new business then you need a business plan.  It’s an essential document in our view which will help you turn your business ideas into reality.

And if you are applying for funding of any kind, whether it’s a loan, grant or share equity, you will be asked to provide a business plan to support your application.

Preparing a business plan can be a daunting prospect if you have never done it before. Cube3 Solutions will make it a really easy process and produce a high quality business plan that reflects the full potential and value of your business.

Our powerful financial model enables us to prepare, update and test varying assumptions quickly and easily.  Keeping costs to a minimum.

We ask you to provide us with key information, gain a clear understanding of your business and there produce a complete business plan with complete financial data.

The Business Plan Process

There are three stages to writing a business plan:

  1. Information gathering
  2. Financial projections
  3. Narrative sections and completion of the plan

Stage 1 - Information gathering

The first stage of the process enables us to gain a complete understanding of your business and the objectives which you have set.

We will gather the information we need either by telephone or email.

All detailed questions will be sent by email to provide a written record and give you time to get the information together for your reply.

We are happy for you to provide your answers by email or telephone, whichever is the easiest and most comfortable for you.

The key aims of the information gathering stage is to:

  • Gain greater understanding of the business and how it works.
  • Identify your aims and objectives
  • Know the profit required
  • Understand the return on investment required
  • Be aware of your timescale
  • Identify the resources required
    • Premises
    • Equipment
    • People
  • Obtain the detailed facts and figures required to complete the plan

Stage 2 – Financial Projections

Financial projections will be produced from the information received. This first draft usually raises a number of additional questions. We will discuss these questions with you and request further information as necessary

The financial projections will be updated and the process will be repeated as often as necessary until projections are produced which you are satisfied with

Stage 3 – Narrative Sections and Completion of the Plan

Prior to completing the business plan we will carry out a sensitivity analysis on the financial projections

The financial plan will be subjected to changes in a range of factors, such as inflation, sales growth rates, interest rates etc, to determine how sensitive it is to those particular factors.

This enables you to understand the key aspects of the business that you should focus on to ensure success.

Based on the results of the sensitivity analysis a review of the key risks to the business will be prepared highlighting the potential impact and what action could be taken to eliminate or reduce the risk.

The business plan will then be completed by writing the narrative sections of the plan which will be tailored to your specific requirements but will typically be:

  1. Summary
  2. Aims, Objectives and Vision
  3. Background and Skills
  4. Financial Summary
  5. Funding Required
  6. Sales and Marketing Plan
  7. Operational Processes
  8. Resources Required
  9. Sensitivity Analysis
  10. Risk Management Summary

All of our business plans are bespoke.  The cost of preparing your business plan will depend on the size and nature of your business.

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