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Many entrepreneurs have been told to stay away from business plan templates says Edmonton small business accountant. However, this is specifically relating to those free business plan templates they can find online, or the business plan templates that are given out by their financial institution. These free business plans do not offer enough customization, or failed to address enough variables in the business that can help them significantly impact their business. In fact, many of these templates are designed simply so that businesses that are looking to get financing from their financial institution or bank can do so. If entrepreneurs want to use the business plan in order to avoid problems and grow their business, they need a more customized approach.
One of the reasons why entrepreneurs end up not getting a business plan at all, is because when they approach their Edmonton small business accountant, they are given an hourly rate, without any idea of how many hours this is going to cost them. Therefore, they are not sure if my asking for a business plan their way to pay a few hundred dollars, or several thousand dollars. Businesses that are struggling, or our new are in the highest need of a business plan, but have the lowest ability to be able to afford an indeterminate amount of money for one.
The Associates at Spurrell and Associates found that this was actually unfair circumstance, that those who needed the service the most were the least likely to be able to pay for it. Therefore, they set out to create a system that is going to allow them to offer business plans for no additional cost. Edmonton small business accountant says that by offering this as part of their regular service, they insured that every single 1 of their clients would be able to access a business plan that could impact their ability to become successful.
The way they did this, was by creating a business plan template. This is completely different than the free templates that are found online or from banks. They created this template over dozens of hours and several years of refinement. They started by finding a way to systematize the process first by making a list of all of the common mistakes or obstacles that entrepreneurs face, and then a list of the most common strategies to overcome those problems. They discovered that there was commonality in the types of problems that entrepreneurs face and the solutions that can help them.
When entrepreneurs go see the Edmonton small business accountant at Spurrell and Associates, they are utilizing a business plan, but it is one that has been created out of a desire to help entrepreneurs succeed, and is used by the accountants at the firm to ensure that entrepreneurs are ending up with an effective business plan that is going to help them actually avoid problems and grow their business exponentially if used accurately.
It is very important for entrepreneurs to have a business plan not just when they first start their business says Edmonton small business accountant but on an ongoing basis as well. They should ensure that they are updating that business plan on a yearly basis, so that they can continue to avoid the problems that business owners and counter, as well as understand what they need to continue to do to become successful. In fact, studies have shown that entrepreneurs who have a business plan in their business are 50% more likely to grow their business.
The Edmonton small business accountant at Spurrell and Associates came up with an effective business plan template to allow them to offer this service to everyone of their clients. The reason why they did this, was because they were tired of working hard to help their small business clients, only to see them make the same mistakes over and over, and end up failing because of it. They wanted to ensure that they could work with their clients for many years to come, and did not want to stand by, while they watched their clients make mistakes that put them out of business.
Unfortunately, this is unique to Spurrell and Associates, because most other professional accountants are very read existent to creating or utilizing templates in their business. There is 2 main reasons for this, one is because these professionals have gone to school for many many years, and they feel that the clients are paying for their specific expertise. Another reason, is because these professionals believe that a business plan is far too complex to have a template created for it, and so templates are ineffective.
However, Edmonton small business accountant says that templates can ever replace and accountant, but it can actually make those accountants perform at a higher level. The reason for this is because it allows accountants to be able to consider many options and variables without having to commit those options and variables to memory. Also ensures that they do not have to instantly recall solutions from their memory either. Therefore by following the template, accountants are able to come up with effective solutions to common problems, and then save their critical thinking skills for the more difficult aspects of their clients business plans, ones that cannot be solved using that template.
Another benefit of using a template this way, is it allows accountants to completely customize any aspect they need. This will allow them to ensure that every business is taken into consideration, even those that are in an extremely unusual business, or a niche market. Business owners should not Inc. of business plan templates as a cookie-cutter plan for them.
By getting the right professional help, entrepreneurs that need business plans to help them become more successful can get help at this Edmonton small business accountant. By ensuring that they always have an active business plan that they are following can help entrepreneurs fall that plan like a roadmap towards success.
