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E-Myth – “Why most small businesses don’t work & what to do about it”

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Edmonton Cpa | Developing Business Plans That Work

A common question that business owners often ask is how can they grow their business says Edmonton CPA. However, these business owners are often the same ones that have not created a business plan for their business. Studies have shown that entrepreneurs who have taken the time to create a business plan for their business, are 50% more likely to grow their revenue. This is a huge statistic that shows how important planning is in business ownership. Businesses who create a business plan, not only have defined what the goals in their business are, but also have put thought into how they plan on achieving those goals. If business owners are serious about trying to increase their business, grow their business or attract new customers, should immediately work on creating a business plan for their business. This business plan will be a roadmap for businesses to follow in order to achieve their goals. Operating a business without a business plan is like trying to get to a destination without knowing what destination a business owner is looking for, or how to get there. A business plan is they business owners roadmap as well as its destination.

A great starting for entrepreneurs who are serious about growing their business, is to talk to the experts at Spurrell and Associates. Spurrell and Associates are experts in business plans, as they do over hundred plans every year. They have developed and refined their business plan template and are able to offer any business significant help. There are several things that sets their business plans apart from other business plans, which is why they are even more effective says Edmonton CPA.

One of the ways that their business plans are much more effective than others on the market, is because they help business owners take their marketing ideas, and turn them into plans. But helping business owners figure out all of the specifics of their marketing ideas, business owners can create an actionable plan that can help them figure out what they need to do specifically in order to achieve those marketing plans. Edmonton CPA says not only is this important to help the business owner achieve those marketing goals, but it’s extremely important for Spurrell and Associates who are working on the business plan to be able to quantify a forecast accurately, based on those marketing plans.

Another way that Spurrell and Associates business plans are more helpful than other business plans, is because they create directly in the business plan the business owner’s schedule. The reason for this says Edmonton CPA is because business owners only have a certain amount of time in their day in their week. How they spend their time is extremely important. By creating a schedule directly in the business plan, business owners can see all of the activities they need to do on a daily basis to help them achieve all their their goals. Whether it is marketing tasks, or client visits, it’s extremely important for business owners to know exactly what they’re doing and when in order to create a plan that can help them get to their goals.

Not only are business plans good idea for business owners, in order to help them achieve their goals says Edmonton CPA. The statistics show that entrepreneurs who have written a business plan that they follow in their business, are more likely to increase the revenue in their business by 50%. That’s an extremely high number of businesses who could be immediately impacted simply by creating a business plan. The reason why business plans are so important, is because businesses who have a business plan, have defined goals, and have an idea of how they are going to achieve them.

If business owners are going to go through the process of developing a business plan for their business, they should work on creating the best plan that they can possibly create, in order to maximize their chances of succeeding. Spurrell and Associates have a business plan that is far superior to most other business plans says Edmonton CPA. There’s many reasons why their business plan is so much better. One of those reasons is because they are not only just and accounting firm, they are in accounting and consulting company. Most firms are only focused on the finances of the business, however Spurrell and Associates take a bigger picture of the business to consider more than just finances. They are able to look at processes and strategies in the business as a whole in order to make recommendations to a business on what they have seen work for other businesses.

This whole picture view that they take of businesses also ensures that projections that they create for the business plan are much more accurate than other organizations. Edmonton CPA says even new accountants struggle with creating cash flow projections, so if cash flow projections are being created by non-CPAs, that can end up with disastrous results in the business plan. Spurrell and Associates gets to know the business on an extremely deep level, taking into consideration marketing initiatives in the business owner’s schedule in order to create cash flows that are very reliable. This is not an area that business owners are going to want to have errors.

It’s extremely important that within the business plan, business owners are able to quantify their marketing initiatives says Edmonton CPA. It’s important for them in the Spurrell business plan to create all of the marketing plans along with the tasks they need to do in order to achieve those plans, in order for the professionals to develop a great forecast. If the accountant knows all of the various marketing and if initiatives that the business owner is going to take in, and how often they will be doing them, they can more accurately project but the cash flow is going to look like based on those marketing plans. whatever your plans for the future of your business, we can help you achieve them.