Funding and Business Planning

In the first of what will hopefully become regular updates from our associate Alan Walters, he talks through some of the services we can offer in helping our clients obtain funding, as well as the importance of business planning and cash flow analysis.

THE WAY FORWARD

Since the early part of 2020, many businesses have experienced an extremely difficult time as a result of Covid-19 and the restrictions that have been imposed because of the pandemic. Whilst we all hope that conditions will ease for businesses in the coming months there is no doubt that there will still be a number of challenges to overcome.

We would like to highlight two key areas where we can provide additional support and they can be summarised as follows:

Funding – It will be extremely important that businesses have both the correct amount of funding and the correct type of funding in place to enable them to successfully move forward. A number of businesses will have taken advantage of Government initiatives such as the Bounce Back Loan or the CBILS Scheme and this may impact upon their ability to raise additional funding if required. We can work with you, the business, and potential lenders to ensure you have the right funding in place.

In future editions of the newsletter, we will talk in detail about the specific types of funding that may be appropriate for your business.

Planning – In the current uncertain climate it is more important than ever to have a clear plan for the business as well as some robust financial forecasts. For example, the production of a realistic cashflow forecast for the coming twelve months would be an extremely useful tool for many businesses to help them manage the way forward.

It might be that the pandemic has made you completely rethink your business and that a full Business Plan would help you to understand how you want the business to look in the future.

Whether it be a full Business Plan or a simple cashflow forecast, we can help you to put these documents together to ensure that you get the most value from them.

In future editions we will talk in more detail about the type of information that should be included in a Business Plan which may vary depending on whether it is for your own internal use or whether it is to be presented to an external body such as a Bank or other funder.

If you require any further information on the specific support available in terms of Funding, Business Planning or Financial Forecasts then please feel free to contact us.

Alan Walters

For funding and business planning enquiries contact info@greenlineaccountants.com