To launch a new business, a new channel of business, or even a new product, without a business plan and financial model that provides a forecast of the resources needed would be like setting sail on an ocean voyage without a compass, map, radar or radio.
A good business plan should include far more than just a spreadsheet. That’s where CFO On-Demand can help – while you spend YOUR time doing what YOU do best.
Research and analysis should be undertaken to identify;
Capital expenses, such as new equipment or machinery,
This analysis is essential in order to determine cash resources required to meet objectives, profitability and return on investment. If done properly, the business plan becomes a dynamic tool that can be easily modified and updated as new information becomes available. This same tool becomes the foundation of securing debt and/or equity financing that may be needed to execute the plan.
We have 20 plus years of experience preparing business plans. As your CFO On-Demand, this process can be accomplished efficiently and at reasonable costs, often utilizing templates we developed previously for similar business models.