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The problem with many business plans, is that they are often so cost prohibitive to entrepreneurs that those businesses that need them the most do not end up getting them says Edmonton small business accountant. Even though many businesses can be exponentially helped by this document, most accounting firms still charge an hourly rate for the service, which ends up pricing it out of reach for many.
Edmonton small business accountants Burrell and Associates have discovered that creating an effective business plan template can be extremely beneficial to ensure that they can offer this service to all of their clients. However, not all business professionals are is open to using templates. They believe that a business plan template is too complex, and it could never be created. But that has proven to be false, because doctors in the emergency room started saving more lives when they systematized their approach. In addition to that, pilots actually fly planes using this system, and there is few things as complex as flying a plane. If these extremely smart professionals can benefit from templates and checklists, entrepreneurs can too.
It is the belief of Edmonton small business accountant that templates actually help accountants perform at a higher level. The reason for this, is because it ensures that professionals do not have to commit so many variables to memory, and does not require them to have to instantly recall them either. By creating a list of the most common solutions to the most common problems, accountants can then put their critical thinking skills towards the more difficult problems that cannot be addressed in a business plan.
This is extremely important for entrepreneurs to understand, that just because it is a template, does not mean it cannot be completely customized as well. Edmonton small business accountant says that by having a template, actually means it is much easier to customize. Even if an entrepreneur is in an extremely unique, one-of-a-kind market, or they are in a very specific niche. Or even, the circumstances of the business owners themselves are completely unusual, a template can easily be customized to ensure a customer’s unique circumstances are addressed.
1 of the most important things for Edmonton small business accountant to take into consideration, is that creating a template means that the work can be done at a reasonable rate. This means not just the speed, but the cost of it as well. If accountants are more effective in their business planning, they can do more business plans, and ultimately end up helping far more customers. If the goal of the business plan is to help businesses succeed, it should not be a process that is saved only for those who are rich enough to be able to afford it. Therefore, Spurrell and Associates have ensured that the clients that need business plans the most are the ones that are going to be able to helped significantly by this process.
Business plans are actually vital to the success of entrepreneurs according to Edmonton small business accountant. Therefore, it should not be considered optional for entrepreneurs to have this document in their business. However, the reason why many entrepreneurs do not, is because they are unaware that they can get help with it, or they are aware that they can get professional help, but they are unable to pay for that help. Business plans can be cost prohibitive, because an entrepreneur will have to pay a hourly rate to their accountant to create it. Often, entrepreneurs do not know how many hours it is going to take to create this document, therefore they are unsure of what the final bill will be.
Businesses that are struggling often need business plans the most, because they need to know what mistakes they are making, and what they should do to avoid making those mistakes. Once they stop making those mistakes, they need a roadmap that can help them start to grow and improve their business. However, Edmonton small business accountant says those businesses that are struggling are typically struggling financially as well, and the cost of getting a business plan created is very often a barrier.
The accountants at Spurrell and Associates saw how businesses that needed the plan most were less likely to be able to afford it. By watching their clients that they worked so hard with succumb to common mistakes that could have been avoided, spurred them into action to create a business plan template so that they could automate the process and offer it to all of their clients for no additional cost.
Since they are already charging their clients one flat rate, if they were able to systematize the process enough, they knew they would be able to offer it for that same monthly fee. This is something very unique, most accounting firms do not charge a monthly rate. By doing things differently, this Edmonton small business accountant is ensuring their clients are the ones that are getting the help they need to succeed in business.
In order to create this important document, they took the processes that they used in creating their tax plan template and applied it to business plans. They came up with a list of common mistakes and obstacles that entrepreneurs often face. Edmonton small business accountant says once they had that list, then they came up with a list of business initiatives and strategies that could address those common obstacles and problems. This way, their accountants could address many problems that businesses were facing simply and easily, without trying to have the accountants commit these scenarios and variables to memory. By freeing up the accountants thought process, they were able to think more critically and effectively on the more difficult problems that could not be solved by the business plan.
By focusing on the client, and helping their clients succeed, this Edmonton small business accountant is able to ensure that cost longer was a barrier to their clients getting the documentation that they need to help them become successful. By ensuring clients could get all of the help that they need, ensure that they were even more successful than ever.
