Business Planning
When starting out on a new venture or expanding an existing business there are always going to be a large number of questions that need answering. We help companies answer these questions and develop a coherent plan so that the venture has the best possible chance of success. There are two main reasons to write a business plan:
- Internal. Writing a good business plan will help you to know where you are heading, what needs to be done and to think about possible problems that may be encountered along the way. The very process of writing a business plan makes you think about the competition, the issues and the opportunities. Business planning takes a lot of the uncertainty and risk out of the process of starting a new venture
- External – financing. Whether you are looking for equity, loan or grant funding, it is likely that the person supplying the finance will want to see a solid and coherent business plan so that they have confidence that they will get a return on their investment. More information on business planning to raise finance is available on our business funding page.
Reydoog Consultancy Services works with the clients to build a complete and credible business plan which is “investment ready”. We do this by a combination of our own research on behalf of the client and by asking probing questions of the client. Once all the information required is available, we can assemble the information into a business plan suitable to give to funders. A good business plan is a marketing document which sells your idea to the reader in the most detailed but succinct way possible.
"Ian has an extraordinary eye for detail which is very useful when it comes to refining proposals and writing business plans. His own personal experience in business gives him a unique understanding of the needs of start-ups. His perspective is valuable and his consultancy is much considered."
Shawn De Freitas
Di8it owner & co-founder
A good business plan contains the following elements:
- Details of the product or service. This will include details of any licensing and / or IP
- Details of the market. Including market sizes, competitors and what they are likely to do when they notice your entry into their market, and estimates of market size and sales volumes.
- Company and people. Who is involved including partners, associates and collaborators.
- Project Plan. How are you going to bring this idea to market. What are you going to do when? What resources are required?
- Financials. What funds are required? What profit will be made? When will the company break even?
We work with the client to assemble all this information and present it in the most convincing way possible. For more information please contact us.