About Accounting & Book Keeping
WHY BUSINESS PLANNING?
Business conditions are changing and outsourcing accounting services is on the rise.
Increasingly, businesses, both large and small, are turning toward outsourcing as their preferred solution—with accounting being one of the primary outsourced tasks. In fact, many business owners are finding that outsourcing provides a unique opportunity to receive accounting support from talented professionals without the added overhead associated with in-house resources.
THE IMPORTANCE OF BUSINESS PLANNING
The 3 most important purposes of a business plan are
1) to create an effective strategy for growth
2) to determine your future financial needs
3) to attract investors (including angel investors and VC funding) and lenders.
BENEFITS OF BUSINESS PLANNING
Clear company goals
Sensible cashflow management
Smart budget allocation
Necessary cost reduction
A growth roadmap
Transparency with staff and investors