Why do you need a business plan? You may need a business plan for many reasons:
• to raise new finance from a bank or venture capitalist or any other lending institution;
• to qualify for government grants or other finance;
• to assist in deciding whether to embark on a business venture;
• to help you focus your efforts on the things you want your business to achieve.
We have helped our clients to prepare business plans in order to raise funds. These have been for a wide range of needs such as refinancing an existing business, financing growth, and business acquisitions. The source of funds these have been directed at have included private equity capital, bank financing and government schemes.