A Strategic Business Plan is much more than a tool to obtain financing for your business. 

Preparing a strategic plan can help you clarify your company’s direction. It can ensure that your key leaders are all on the same page and keeps both management and staff focused on the tasks at hand.

A Strategic Plan is often needed when

  • Starting a new venture, product, or service
  • Expanding a current organization, product, or service
  • Buying a new business, product, or service
  • Turning around a declining business

The Strategic Plan provides a road map describing your company, its products, the competitive environment, management team, financial health, and business risks.

The plan allows you to

  1. Identify and describe your new venture, product, and service’s target customer profile, features, advantages, and benefits.
  2. Justify that your plans are credible by thoroughly researching the need being filled with your new venture.
  3. Develop marketing plans, including full descriptions of targeted promotional campaigns with implementation timelines. You also get to examine market conditions, the nature of your customers, as well as your competitors, your sales potential, and the projected results of your promotional campaigns.
  4. Develop staffing plans, including identifying the key players, skills, attitudes, and expertise needed to build the venture.
  5. Develop management plans, including full descriptions of management systems and timelines for implementation.
  6. Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years. Projected financial plans allow you to predict upcoming problems effectively or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company’s success and help you get the funding you require. Most lending institutions and private investors will not even talk to you without a solid financial plan.
  7. Identify building and equipment needs, including vendors and cost estimates.
  8. Formulate company milestones, including timelines for upcoming products and services in development.

Remember: Failing to plan is planning to fail.

Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.

Top of Form

Request a free consultation below.

 

 

I can’t thank you enough for doing my taxes.  I was really stuck due to the circumstances I found myself in and you came to my rescue.  I don’t know what I would have done without your help, and I am incredibly grateful.

Natalie W. 
Natalie W.

 

 

“The best financial advisor and tax specialist I have ever met. When I met Tom, I was impressed his expertise and knowledge in financial planning and tax advice. I have recommended his services to all my associates. “

Gary M. 
Gary M.

 

 

“Tom has been my accountant and financial advisor since we met in 2006. His vast knowledge and expertise have guided me through lucrative initiatives, as well as tricky financial situations during the last recession. As a resourceful, empathetic, and creative consultant, Tom has kept me smart in my business and tax strategies. Honest, helpful, and generous with his time. I cherish Tom as a close and trusted advisor with all my tax needs.”

Tobin M. 
Tobin M.

 

 

“Tom at Tax Street has been my tax specialist for the last 10 years. If you are looking for an honest and incredibly knowledgeable company to guide you through your tax challenges, I highly recommend them. They have delivered the best financial planning and tax strategies to keep my company in line with current tax laws. Their guidance and service have been invaluable.”

John F. Sound Management Inc.
John F.
Share This