Asset Business Coaching and Consulting in Nanaimo, has written business plans for many organizations including: Retail, Mining, First Nations, Technology, Manufacturing and even Sales and Services Companies.
It can be a very cathartic process. There can be an enormous amount of research, interviews, planning and content writing. There are different types of Business Plan ranging from 1500 to $5,000+. I take a pragmatic approach to this document, some are 200 pages long with financial charts, spreadsheets, maps and more. The first step begins with a discussion on the “purpose” of the plan.
If you are seeking Venture Capitalists, Banks or other lending institutions, it will require a more in depth financial approach. If you are business planning for your brand or expansion, you require more of a content-rich, detail oriented business plan. At Asset Coaching in Nanaimo, we handle both. We have the background with thirty-years experience to handle a variety of markets.
I recently prepared a business plan for a retail environment. This was a challenge because there was very little historical data in their industry. The plan needed to focus on the government regulations and licensing. A great deal of the information had to be assumed which created a unique approach to the business plan. The new owners had been in the retail market before however this new concept did not have much empirical data to work with.
My years at Motorola were extremely instrumental in helping me with the planning process itself. Motorola had a training and education program that it used to help employees understand the Six Sigma quality methodology. I had the proper systems and processes training from my time with Motorola. Motorola treated us like individual businesses, creating mini business plans and using swot analysis and other tools.
It’s a natural part of running any business. Many business are looking for investors, private lenders, venture capital, banking and other lending firms. A new business may be taking on a property lease that requires formal documentation and a Business Plan is a core document for your company.
A components of a Business Plan is the SWOT analysis. SWOT gives the owner a chance to put their thoughts on paper to describe Strengths/Weaknesses/Opportunities/Threats. It is very useful to build a SWOT analysis.
Asset Business Coaching and Consulting is available to discuss Business Plans with your company. There are different levels of Business Plans that can range from a basic $1,500.00 to more than $5,000.00 and can take between three to nine months. Please call us.