Business Planning

Running a business can be very challenging, and whether you are working as a sole trader or own a larger limited company, it is essential to have a business plan. Even if you have been established for a while, a business plan can help you review where you are and clarify how to move your business forward.

A business plan describes your business and should be reviewed annually to take into account any changes. A good business plan includes your overall strategy, your business objectives and information relating to marketing, sales, and financial forecasts.

The importance of business planning

Often businesses write a business plan when they first start or if they are looking for investment. However, if you want to grow your business, we suggest writing a business plan. Some of the benefits of doing this are:

  • It gives you and your team a sense of direction
  • Financial forecasting supports decision making
  • You can monitor the achievement of your goals
  • Identifies weaknesses or risks that need addressing
  • It helps if you are looking for further investment

A good business plan is a live document shared with all key members of your team and stakeholders to monitor progress. It can be updated if there are any changes to the business services or objectives.

Why choose Watson Knipe?

When our clients need a business plan, we arrange a time to meet with them and assess where they are now and what they want to achieve. We can review all the financial aspects including advice based on the financial analysis and projections.

We have found that when businesses are planning rapid growth or encountering unexpected challenges, a review of their business plan helps them to make informed decisions relating to sales and expenditures. We have also helped many business owners plan for acquisitions, mergers, sale, or family succession.

We work with businesses based in Derby, Nottingham, Leicester and across the UK. If you are interested in finding out more about the business planning support we offer, please contact us by calling 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..