Forward planning plays a key role in helping to ensuring the ongoing success of a business, but all too often the pressures of running the business on a day to day basis mean that planning is not given the attention it deserves.
At Kirk Hills, we assist many businesses in the process of formulating and reviewing their business plan.
We can help you build a business plan around your long-term objectives for your business and help you create long-term wealth. We can do this in a number of ways and for various purposes, whether it is for your own internal use or to assist with raising finance. Some of the key areas to consider include: defining your business’s USP, understanding your target market, setting a pricing strategy, making financial projections, and studying your competitors.
Having assisted you in formulating your plan, we will arrange regular reviews of the business’s actual performance, providing you with an effective business tool. We can also help with the preparation of cash flow projections, budgeting and business projections as and when required.
At Kirk Hills, we have good commercial experience of different types of businesses
including retailers, wholesalers, property investors, holiday parks, medical professionals, information technology as well as professional services such as solicitors, Chartered Surveyors, and stockbrokers. Every business owner needs a planning adviser who has the time and space to take the long-term view. With our years of experience advising the local business community, we have a wealth of expertise for you to draw on.
Our experts can help to identify the best trading structure for your business, establish short and long-term goals, assist with financial research, and act as a mentor to your business.
Cash is the lifeblood of a business, and a good business will need to plan its cash flow for a number of reasons.
Primarily the business will need to know if it can continue to operate with the funds it has available in the medium term and will need to have as early a warning as possible if it needs to raise more funds. Typically, cash flow may be raised from bank loans, the business owner injecting money or invoice discounting. It will also be important to make sure assets bought and used in the business are funded over their useful life to preserve the cash in the business and to take advantage of any tax breaks or allowances.
We can help you to prepare a cash flow forecast, usually for between three months to five years, and can work out a forecast for your income tax, corporation tax, and VAT payments.