Business Plan, Budgets, and Evaluation
If you are starting a new business venture, you know the importance of a business plan. But, because it’s such a complex activity, you don’t know where to start. As a first-time founder, it is essential to have a vision and mission, which will help you achieve organizational goals and objectives of earning maximum profits. All of this falls under this service. Once your business plan is ready, it’s easier to draft a Business Budget. It is prepared Annually in advance to monitor various trading activities and costs to be incurred by various departments of businesses, like the Sales Department, Purchase Department, Warehouse Department, Human Resources Department, etc. Evaluation comes to play after the Business plan and, Business Budget is in motion. It is done by preparing variance analysis and knowing the reasons for ups and downs in the Budget Vs Actual performance. As a business owner, it is impossible to take care of all these activities while focusing on achieving your set targets. KAD Consultancy can take care of your business management needs with ease!
Let’s see why these 3 core factors are important :
- Without anticipating your start-up costs, it’s easy to run out of cash before the venture has started.
- Missing on sales projection because you are not aware of who are your customers and what services do, they need.
- Losing customers because your quality of service falls short
- Becoming overwhelmed by too many options because you never took the time to focus on a mission and vision for your company.
- Going bankrupt because you didn’t have a rational business model or a plan of how to make money.
English
French
Spanish
Chinese (Simplified)