Business Planning

Business Planning

Having a good product or service is vital to success! But without advanced planning, good intentions may give way to unwanted results. Most business owners start with an idea – a great one – and then forge ahead with little or no clear direction. You've hear this saying, “if we build it, they will come.” Frankly, that is far from reality.

A business that plans well:

Can look far beyond what the “numbers” portray.
Will operate more 20% more efficiently than one that does not plan.
Can capitalize on overlooked revenue opportunities.
Is able to expand credit lines with banks beyond those that do not.
Is able to identify and respond to market conditions more quickly.
Knows where they are going and what direction to take.

Strategic Planning

You know your business best. You know what works and what doesn't. Once in a while, you are faced with a fork in the road and you need help with what direction to turn. Company direction not just for today, but for the next 5 or 10 years. That's where we can help you develop your strategic direction to get your company where you want it to be.

The following list is a few ways we can help you develop your strategic plan:

Facilitate discussions and assess basic long-term goals
Develop your vision for a 3, 5 or 10 year period
Base your plan on research both within and outside your company
Help build leadership capability to carry out your plans through training and coaching
Create solutions to the ever-changing priorities that your company face along the way
Provide periodic monitoring and ongoing assessments to ensure you are staying on plan

If you want to begin your strategic plan, why not call us today. Ask for your free strategic plan consultation.

Written Business Plan

How many times have you had the notion to actually put your plans down in writing – just to have it to look back on? Wouldn’t it be of benefit to have the plan in front of you to make more informed decisions, make changes to your business path, or just to have a roadmap for going forward purposefully? We can help! Our alliance partner – Insight Companies specialize in building a path for your business to get to the next level! At the same time, developing a promotional plan that ensures your company can stay there!

Executive Summary Plan

If time is of the essence, instead of helping your company write a full business plan, a simple executive summary plan is the answer. The simplified plan provides much less text and more goals or action points. It is usually 3 to 5 pages of very specific tasks that need to be done within the five major areas of your business - assets, profit, liabilities, margin, and management. We can help you stay true to what we develop together.

Financial Modeling

We assist businesses to make better uses of their precious resources. This will increase efficiency and overall profitability. Whether it modeling a specific spreadsheet macro on establishing profit margins or just having an ongoing adjustable budget, we can help! Managing cash by what is in the checking account is not the way to make use of your liquid assets. Having a cash flow modeling spreadsheet is a much better way. From market trends to competitor analysis to government compliance to management reporting, our modeling services will be a certain valuable asset to growing your business.

Preparing financial projections can either be cumbersome or can be done with some relevant ease. The choice is yours! At Insight Companies we can make this process be so informative it may even be “fun” to do. Past clients have said “I've would have never thought budgeting could be so enlightening.” We can forecast such items as expenses, revenues, cost of goods sold, capital expenditures, financial statements, and most importantly the flow of cash.

Contingency Planning

A contingency plan is really a “just in case” type of plan. The creation of such a plan is not easy and may require outside help. It is a complex undertaking, involving a number of planned stages, whether company-wide or executive only. Your contingency plan must include any underlying risks and the potential impact of any kind of disaster to your company. Once those risks are outlined, a practical recovery plan should be built.

You may be a relatively new business or maybe been around for decades, continuity management is a must for your business to keep being successful. Contact us today and we can discuss where you are at with regard to keeping the lights on after a disaster.

Capital Financing

At some point in time, all businesses will need capital; either to fund operations, to grow, to keep the doors open, or to have a reserve for future use. You may need a line of credit, an SBA loan, or other conventional financing. Or you may need to bring in equity investors to five you the leeway to allow a product or new technology to market. Insight Companies can help put together either a full investor business plan or just an overview of the opportunity that outlines the main key points. Contact us and let us help your “idea” become reality!

Internal Control

We can provide you a thorough review of your present internal controls; find where there are weaknesses and where the system is working. We can suggest possible solutions to improve your overall company controls. By being proactive in the following ways can help you prevent fraud before it occurs:

Document your current internal control process
Create or update your policy manuals so that you have written accountabilities
Identify any deficiencies and weaknesses in internal control
Make recommendations and changes to strengthen your control system
Provide ongoing assessment and monitoring to ensure controls are being followed

Let us help you make your internal control system work like intended.

Click here to find out more!

	Home • Contact Us Helping You Build and Maintain Financial Control 952-808-8798 \| Haugen Binion & Company CPA's

Planning Services Tax Planning Personal Business Business Planning Strategic Planning Written Business Plan Executive Summary Plan Financial Modeling Contingency Planning Capital Financing Internal Controls	Business Planning Business Planning Having a good product or service is vital to success! But without advanced planning, good intentions may give way to unwanted results. Most business owners start with an idea – a great one – and then forge ahead with little or no clear direction. You've hear this saying, “if we build it, they will come.” Frankly, that is far from reality. A business that plans well: Can look far beyond what the “numbers” portray. Will operate more 20% more efficiently than one that does not plan. Can capitalize on overlooked revenue opportunities. Is able to expand credit lines with banks beyond those that do not. Is able to identify and respond to market conditions more quickly. Knows where they are going and what direction to take. Strategic Planning You know your business best. You know what works and what doesn't. Once in a while, you are faced with a fork in the road and you need help with what direction to turn. Company direction not just for today, but for the next 5 or 10 years. That's where we can help you develop your strategic direction to get your company where you want it to be. The following list is a few ways we can help you develop your strategic plan: Facilitate discussions and assess basic long-term goals Develop your vision for a 3, 5 or 10 year period Base your plan on research both within and outside your company Help build leadership capability to carry out your plans through training and coaching Create solutions to the ever-changing priorities that your company face along the way Provide periodic monitoring and ongoing assessments to ensure you are staying on plan If you want to begin your strategic plan, why not call us today. Ask for your free strategic plan consultation. Written Business Plan How many times have you had the notion to actually put your plans down in writing – just to have it to look back on? Wouldn’t it be of benefit to have the plan in front of you to make more informed decisions, make changes to your business path, or just to have a roadmap for going forward purposefully? We can help! Our alliance partner – Insight Companies specialize in building a path for your business to get to the next level! At the same time, developing a promotional plan that ensures your company can stay there! Executive Summary Plan If time is of the essence, instead of helping your company write a full business plan, a simple executive summary plan is the answer. The simplified plan provides much less text and more goals or action points. It is usually 3 to 5 pages of very specific tasks that need to be done within the five major areas of your business - assets, profit, liabilities, margin, and management. We can help you stay true to what we develop together. Financial Modeling We assist businesses to make better uses of their precious resources. This will increase efficiency and overall profitability. Whether it modeling a specific spreadsheet macro on establishing profit margins or just having an ongoing adjustable budget, we can help! Managing cash by what is in the checking account is not the way to make use of your liquid assets. Having a cash flow modeling spreadsheet is a much better way. From market trends to competitor analysis to government compliance to management reporting, our modeling services will be a certain valuable asset to growing your business. Preparing financial projections can either be cumbersome or can be done with some relevant ease. The choice is yours! At Insight Companies we can make this process be so informative it may even be “fun” to do. Past clients have said “I've would have never thought budgeting could be so enlightening.” We can forecast such items as expenses, revenues, cost of goods sold, capital expenditures, financial statements, and most importantly the flow of cash. Contingency Planning A contingency plan is really a “just in case” type of plan. The creation of such a plan is not easy and may require outside help. It is a complex undertaking, involving a number of planned stages, whether company-wide or executive only. Your contingency plan must include any underlying risks and the potential impact of any kind of disaster to your company. Once those risks are outlined, a practical recovery plan should be built. You may be a relatively new business or maybe been around for decades, continuity management is a must for your business to keep being successful. Contact us today and we can discuss where you are at with regard to keeping the lights on after a disaster. Capital Financing At some point in time, all businesses will need capital; either to fund operations, to grow, to keep the doors open, or to have a reserve for future use. You may need a line of credit, an SBA loan, or other conventional financing. Or you may need to bring in equity investors to five you the leeway to allow a product or new technology to market. Insight Companies can help put together either a full investor business plan or just an overview of the opportunity that outlines the main key points. Contact us and let us help your “idea” become reality! Internal Control We can provide you a thorough review of your present internal controls; find where there are weaknesses and where the system is working. We can suggest possible solutions to improve your overall company controls. By being proactive in the following ways can help you prevent fraud before it occurs: Document your current internal control process Create or update your policy manuals so that you have written accountabilities Identify any deficiencies and weaknesses in internal control Make recommendations and changes to strengthen your control system Provide ongoing assessment and monitoring to ensure controls are being followed Let us help you make your internal control system work like intended. Click here to find out more!

Helping You Build and Maintain Financial Control

Business Planning