One of the key pillars for any business is to reduce your vision to a crisp, yet flexible plan accompanied by a financial model incorporating capital needs, customer development and maintenance and development of key personnel. TAP can help you develop, customize, and implement your own online tool that everyone can share. Most important is spreading this plan throughout your organization so everyone is rowing together to achieve it.
A comprehensive business plan is the blueprint for your business. When going through the process of building a house, one would not simply find an empty lot and just start nailing boards together, there are several steps and planning that must be undertaken to ensure that structure will be sound and compliant. Starting and running a business without a business plan is comparable to building a house without a blueprint, and it does not set you up for success.
Furthermore, a business has an added level of complexity as a business is not static whereas a house is. For this reason, it is of the utmost importance to not only develop a business plan, but also to adjust the business plan as the company grows and circumstances change. This is a vital piece of the puzzle and is useful for forecasting or raising additional capital for expansion.
Writing a business plan is time-consuming, but it’s essential if you want to have a successful business that’s going to survive in the long-run. If your business doesn’t have one, it might be a good time to start developing one. That said, this is often easier said than done, and it is generally helpful to have a third party assist you with this to provide you with opinions from a different perspective.
TAP, through its service offerings under TAP Advise, providers expert assistance with the development and maintenance of business plans for small businesses across a wide array of industries. We spend the time to walk you through the planning process step-by-step and develop a clear and comprehensive business plan. Along with the written plan, we have the financial expertise to support you in the development of a comprehensive financial model to accompany the business plan. We take the pain and frustration out of the business planning process, help you track your performance as you grow, define the goals you need to reach to get your business to the next level, and make it easier for you to stack your business up next to the competition and outpace them. To learn more about how TAP can help you perfect your business plan and goals, read more at TAP Advise or reach out to us here.