How can you start a business without a Business Plan? Leaning on the old adage of ‘fail to plan and therefore plan to fail’ without a business plan you will probably lose sight of your goals, structure and much, much more.
We can write your business plan for you, and this is not just a matter of collating numbers and plugging them into a spreadsheet! A Business Plan will stand you in good stead if you need financing, it helps focus the mind on the business in hand and, probably the most important aspect of it, it can indicate whether or not it will succeed. Hand in hand with the financials is a good understanding of the marketing aspects of a business and ABC Ltd work closely with expert marketing individuals who significantly contribute to the input of a business plan. This underlines the strength of Action Business Consultants being not just an accounting practice but an organisation dedicated to helping businesses achieve results above their expectations.
Business Plans are not just for start-up companies however. SME’s may require additional financing for new projects (developing new products, expanding operations, etc.) and ABC Ltd can work with them to devise their plan for presentation to banks, business angels or venture capital companies. A well-structured, professional business plan can be invaluable in helping open the door to securing new finance or perhaps restructuring your business.
ABC Ltd can provide tailored accounting services to help you understand the business that you are running. This can range from cashflow forecasts (to help you understand when there may be potential liquidity issues), management accounts (to show you on a regular basis how successful or otherwise your business is), forecasting (a vital piece of a financial toolkit so that you can make proactive decisions) through to annual accounts and filing thereof.
In addition ABC Ltd will offer advice on how to plan your business to optimise your tax position and also complete and submit tax returns in a timely manner.
Part of the strength of Action Business Consultants is its associates with many years’ experience of working with HMR&C. Should your company be subject to investigation work due to HMR&C queries then our associates have a vast exposure of similar work to help resolve any issues.
Whilst ‘the past is the best prediction of the future’ we’re also reminded that there are no chariot manufacturers any more. No longer can we rely on our customers wanting the same product that they have had for the past 3 years or a linear revenue increase from previous months/year’s results so forecasting is becoming more and more important for businesses and their decision making. Certain events will always be out of our control, e.g. the collapse of financial institutions; however we can make strong assumptions for forecasting purposes and this, in conjunction with cash flow models, are an essential part of running a business. Growth may be positive however a potential new contract increasing your turnover significantly may have a detrimental effect if you can’t staff the project or if your factory can’t cope with the increased production.
Forecasting is not just about creating potential results but also interpreting them and showing the effect of any actions taken. Hand in hand with this is the Cash Flow Model. A new long term contract may be extremely profitable however if payments from the customer are weighted towards the end then you may not be able to fully fund the project during its life cycle. Action Business Consultants can help you with the forecasting and cash flow models to aid your decision on the viability of projects. Sharing thoughts, opinions and hard facts will help owner managers see the full potential of anticipated projects.
ABC Ltd will work with you to provide a part-time Finance Director with skills that you usually only find within a large scale organisation. This is an affordable option as many SME’s cannot afford a full time FD (who often is under occupied for most of the month) yet need someone to help guide the owner manager through the finance jungle and get the best out of a company.
You can let Action Business Consultants take care of this need and we will help run your finance department, motivate and mentor finance staff, analyse and show the impact of decisions made and also work alongside your Senior Management Team to help your business strategy and provide a business plan.
Where do you start when setting up your own business? There are some obvious answers; Business Link, your local bank, friends and family or, probably the best solution of all, Action Business Consultants.
ABC Ltd have a desire to help start-up businesses and then to help them succeed. We can provide all of the necessary back office functions to help you on your way and let you concentrate on the key things such as running your business without worrying about the areas that you don’t have experience of.
What legal structure should I have? How do I pay myself a salary? Should I be VAT registered? How do I invoice my customers? Where do I go for advice? Do I need a Business Plan? Should I look for external financing? All of these, and so many more questions, can be answered by using the skills and experience of Action Business Consultants. Not only can ABC Ltd provide all of the financial solutions (business plan, payroll, accounting package, management accounts, etc.) but we partner with other organisations to help the other areas that you may need but probably don’t realise. These include marketing, virtual office, health & safety, environmental and facilities management, indeed anything to help you as your business grows without you losing focus on what your business does.
Action Business Consultants consults with businesses from start-ups to SME’s to help maximise their goals, profits and ease the burden of the areas that may be a ‘mystery’.
Action Business Consultants is partnering with a payroll provider to offer the most competitively priced payroll in the UK. This will be managed by ABC Ltd and available on a secure web-site for all of your employees to access individually. Our payroll team will be able to administer your payroll in a fast and efficient way and our expectation is that we can lower the cost of your payroll processing, indeed the larger your organisation the greater the anticipated savings!
For most start-ups bookkeeping is the nightmare, administrative headache that you wish you can do without. Help is at hand as ABC Ltd can take care of all of you bookkeeping needs and provide you with a solution that you can have total confidence in and access to transactions as and when you need it. Any queries that you have can be easily explained and resolved within minutes and we will offer a full understanding to give you peace of mind. ABC Ltd gives total transparency to our clients as all of the data is your data and we are merely the custodians of it.
ABC also provide all company secretarial advice and filing as necessary, again taking the strain out of an area that you may not be familiar with but which can be costly if not dealt with correctly.
One step on from preparing forecast and cash flow models is strategic thinking. We at Action Business Consultants contribute to a company’s strategic thinking and planning by looking at the organisation (people, structure, technology, budget, skills & knowledge), making observations (looking at things from all angles, not just above or below but from the outside as well), identifying the ideal position (niche company, core skills, current & future opportunities), looking at the driving forces (commitment, empowerment, quantitative, qualitative) and considering various views (environmental, market place, customers, colleagues) to ensure the strategy of the company is compatible with success. Following on from the thinking we can then help drive the Planning for success.