Every business requires a solid, stable plan to follow. It is the single best method for continued and consistent growth.
A regularly reviewed and amended plan is
What a business plan needs to include:
- Firstly, your business plan needs a business statement that summarises what your business is, what it does and how it has grown and should grow.
- Include a timeline on your business plan, stating the timeframe that this business plan covers, whether 12 months or 5 years.
- Your marketing plan. Which avenues you plan to use to acquire customers, how many customers you expect to acquire, retention plans and final customer base at the end of the period.
- Operational data, including base of operations, equipment usage and costs, and any suppliers necessary to running.
- Financial data, including active cash flow, sales data and profit and loss statements.
- Your business objectives, including a list of targets and expected achievement dates.
If you business plan is designed for external use as well as internal use, you might also want to include:
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- The objectives of your business on an area by area/sector by sector basis
- Detailed financial history, and general business history
- Management information, including short bios
- Data on your product, what you offer, how you stand apart from the competition
The importance of good financing
Using your business plan, allocating targets and resources becomes much simpler.
Departments that are a key part of your growth and expansion, for example marketing if you are planning a heavy influx of new customers, should be allocated adequate resources.
If you require financing for any part of your business plan, this should also be taken into account.
Emergency cash loans as a part of your business plan
The commonality across every business is that growth requires money.
In general, business loans are a good option for financing, and you should be able to talk to your bank and discuss your needs.
But for some, this option is not feasible because of time, or lack of existing funds
It’s a sad truth that in order to get a loan, you generally have to have money in the bank.
What do you do if you need emergency cash loans, but have no access to a conventional loan agreement?
Getting a business loan if you don’t have the funds
Business loans generally require a certain bank balance, but if that fails, then cash flow is your best friend.
A healthy, positive cash flow is a sign that your business is thriving, and furthermore it’s a sign that you’re going to be able to pay back any loans that you take out.
As always, emergency cash loans are just that, for emergencies, but with a healthy cash flow, there’s nothing stopping you from folding them into your existing business plans to cover shortfalls or other issues.
A healthy cash flow is of the most vital importance for every single business. Without cash coming in, you do not have a business. So make certain to put provisions in place for accessing funds, especially in an emergency. It’s always worth knowing the options available to you, and the funds that you have ready access to when you need them.
