Imagine if you had to drive to Istanbul in Turkey. Although there may be someone who will read this who has done exactly that it’s a fair bet that nearly everyone has never done it.
Now imagine how difficult a journey it would be with no map and no instructions. In all probability you would never arrive.
Incredibly many owners of SME’s adopt this unplanned approach to running their companies and never create and work to a business plan. Consequently when new investment and funding is needed they are not able to show how they will continue to grow profitably, show existing investors that their money is safe or get their staff to understand what the short, medium and long term goals of the organisation are. Unsurprisnigly when the providers of new funding are asked for help they are unconvinced.
Nearly 25,000 companies fail every year in the UK and more than a third of those fail in the first year. Most of them didn’t plan to fail, they just failed to plan properly.
When surveyed nearly all company directors agree that having a business plan would make running their companies easier but then go on to say that they don’t have the time to produce one. They also are often of the view that even if a business pkan is preoduced it quicly becomes out-of-date and sits gathering dust on a shelf.
Signa advisers produce workable business plans that are concise, understandable and are a practical tool to help run your business more efficiently and more effectively. Importantly, Signa also create the plan in a format favoured by banks and other finance providers. Together with the professional relationship many have with local and regional business bank managers,
By planning your business operations properly you will:
Signa advisors draft business plans that are tailored to the owners’ needs for investment, investor updates and other purposes.
Whether your company is a recent start-up or an existing business needing additional investment to expand your product range or target markets our experienced advisers will work closely with you to ensure that your business plan provides practical assistance in achieving your objectives.
As the owner of an SME you may think that anything to do with tax is best left to your accountant to deal with. At the end of the financial year he prepares your annual accounts, lets you know how much Corporation Tax to pay and that’s it. Right?
Have you ever asked him whether the money you take from the business is done in the most efficient way? Knowing the rules can save you a lot of company and personal tax.
How much guidance does he give you on the most tax-efficient way to buy new plant and machinery - can you get advice regarding the tax effect and the best time to buy?
Or have you thought about buying another business or selling yours?
Most accountants are so busy with the day-to-day work of bookkeeping, accounts preparation and PAYE that they don’t always have the time to dedicate to the more complicated tax issues and even if they do they may not have the necessary tax expertise.
At Signa Business Advisers we are used to working closely with accounting professionals and providing our clients with specialist tax advice to save you money.
If you would like more information on how Signa can help please call us on 01494 562738 or send us a message.