Bowen, Phillips, Carmichael, Davis & Sims

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CERTIFIED PUBLIC ACCOUNTANTS

Business Planning

Whether you are starting a new business, launching a new product, restructuring your business, applying for a business loan, or just searching for solutions to problems your business is facing, BPCD&S consultants can help you by developing a business plan for successfully meeting your objectives.

A well-formulated business plan defines goals and provides a framework that keep a business focused on achieving its goals. Our clients come to us to devise business plans for many different reasons, including …

  • Assistance in starting a new business.
     
  • Succession planning for small and family-owned businesses.
     
  • Business valuations for the potential sale of a business.
     
  • Feasibility studies to help determine the cost and benefits of major capital outlays.
     
  • Profitability enhancement
     
  • Assistance in obtaining additional financing.

Basically, a business plan is any plan that prepares a business to look ahead, allocate resources, focus on key points, meet problems, and embrace opportunities. If you are preparing a business plan to start a business or to just run your business better, you first need to address and prioritize strengths to capitalize on and weaknesses to overcome.

BPCD&S stands ready to assist you.

We will evaluate your current plans and operational activities, offer an unbiased outside perspective, and then formulate sound strategies that will improve your decision-making and help you achieve and maintain a competitive position.

Two of the most important tools we employ in virtually every business planning process are budgeting and
benchmarking. Budgeting increases management’s ability to monitor and assess their business’s performance, and, ultimately, to meet their financial goals. Benchmarking can increase a business’s profitability and efficiency by identifying industry-specific best practices that it should put in place. To further enhance our Business Planning Services, we also employ Excel-based projection software and RMA software for industry benchmarking.

As CPAs, we know the numbers, understand our clients’ business objectives, and have gained extensive knowledge of good business practices in a wide range of industries. We draw on our broad experience and diversified expertise to create effective business plans that help our clients define, design, and achieve their missions.