The Elements of a Business Planning Session
Do you have an idea for a business but aren’t sure what to do next? At the idea stage, a business planning session with an expert can help you refine your ideas and learn more about the challenges you can address in your planning process to help you avoid costly mistakes. The experienced team at Opportunity Group has helped many business owners create comprehensive plans for their companies, that have been accepted by bankers and investors. In our latest post, we’ll explain what you can expect from a business planning session.
Identifying your business’s profile
The business planning session will focus on how you will explain your business and its possibility for success to potential investors. This begins with establishing a profile of the company and explaining its unique position in the marketplace. In establishing a business profile, you can then work with your planning expert to clarify your company’s mission, vision, goals and how you will reach them within the purview of your daily operations and decisions.
Reviewing market research
The business planning session will also allow you to review the validity of your market research alongside your planning expert. The expert can pinpoint which areas of research hold the biggest opportunity for you to exploit within your business plan. During the planning session, you will also learn more about how to interpret your research and what this means to your business plan.
Overcoming specific market challenges
The business planning session will also give you the opportunity to address specific market challenges with an experienced professional. They can help you to look at the challenge from various angles to determine what opportunity may be present and also to confirm that your message is on point with your identified market .
Examining financing options
One important area for your business plan is to highlight the ways in which the business will be financed both in the short and long-term. Your business planning session with a local expert will help you to review your financing and show you what information investors and banker are looking for and how to build your best business case to present to lenders.
Our experienced team at Opportunity Group is now offering business owners guidance to help them save time and money and avoid costly avoidable mistakes. To discover more about our company’s business planning session service, contact today.