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The steps taken in starting a business will
vary depending on the size and complexity of your plans,
from the individual who wishes to commence a window cleaning
round to the group of people who wish to develop,
manufacture and distribute a major product. But if the
business is to succeed, various questions must be asked and
steps taken, no matter what the size.
Firstly, a business plan must be created. For
the smallest type of business this can be achieved
informally with, perhaps, little outside help. But for
ventures of any substance, the services of an accountant
should be obtained, to help prepare the financial aspects of
this business plan.
Such a business plan will typically include
sections on:
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Brief
resume of the business and its aims, |
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Structure and legal
status of the business, |
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Personnel, |
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Product
details, |
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Marketing
plans, |
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Financial
projections, |
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Finance
requirements, |
As well as assisting with the above, we can
also provide book-keeping, tax and
general business
and finance advice, to help with your new business.
Business plans are most often required to
support a lending application to a bank, from a new
business. Our experience of how bank managers interpret
these applications, and of what criteria they are looking
for, will allow us to de-mystify this process for you and to
boost your chances of making a successful application, first
time. Based on second guessing the risk the banks will
associate with your proposal, we shall also be able to
advise you on the optimum combination of interest rate, bank
charges, life assurance and personal guarantees that you
should expect to negotiate with your manager. In addition,
our involvement in your business at such an early stage in
its life will enable us to give you pro-active
tax, business and finance advice, to save you money in your
new venture.
Practical Examples of our Business Plan
Expertise
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Using our insight gained from other clients in
similar businesses to assist with the detail
within your business plan. |
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Using our
established contacts with local bank managers to
understand what sort of terms they would lend
finance under. |
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Being a 'sounding board' to challenge the
assumptions within your business plan and giving
an opinion upon whether they are reasonable. |
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Maintaining your book-keeping
system once
the business plan becomes a start-up. |
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Century
Brothers Financial Limited is an authorized financial company in
British Virgin Islands. Registration number 1458255 issued by BVI
Financial Services Commission (FSC), Registrar of Corporate Affairs
under the BVI Business Companies Act, 2004.
