Edmonton Small Business Accountant | Why Create A Business Plan Template

While many entrepreneurs understand how important it is to have a business plan made according to Edmonton small business accountant. They often are unable to get one made for their business, due to the high cost associated with them. Most accounting firms charge an hourly fee for their business plans, in order to ensure that they can recoup the time that they have spent creating this valuable document. Unfortunately, the businesses that are struggling and needed the most are unable to get this vital help.

The accountants at Spurrell and Associates decided to change the way they approached business plans in order to ensure that the clients that needed it the most were able to get it. Therefore, they set out to create a great business plan template. They were certain that great template can ensure that they can provide an extremely high value business plan consistently but also quickly, shortening the process, and effectively lowering the cost. They were so successful with this, that they are able to include this service to all of their clients as part of one flat monthly fee.

In order to ensure that they had a consistent business plan in a time sensitive manner, they set out to create an efficient and effective business plan template. This template had a list of all of the most common mistakes as well as the most common reasons why entrepreneurs fail in business. They then created a list of all of the initiatives and solutions that most consistently work to fix the mistakes, and how entrepreneurs avoid the reasons for failure. What this did, was speed up the process of creating a business plan, by ensuring that their accountants did not have to memorize all of the scenarios and instantly recall all of the solutions. This way, they can spend more time on the more complex problems that were not addressed by the template, and ending up with an extremely effective is this plan quickly.

Many professionals do not believe that a template is possible to use, because of how complicated a business plan is. However, Edmonton small business accountant disagrees with this. When emergency room doctors started using checklists in the ER, they started saving more lives. In addition to that, it is interesting to note that pilots use checklists when they are taking off and landing a plane, as well as to deal with any emergencies. If systematizing processes can help emergency room doctors save lives, and help pilots land planes in emergencies, it can be used for business professionals to create effective business plans for their clients.

By creating an efficient business plan template, this Edmonton small business accountant was ensuring that they are able to help all of their clients consistently have the tools that they need to not only avoid problems in their business, but use the plan to help them plan their growth so that they can become more successful than they ever thought possible.

Edmonton Small Business Accountant | Why Create A Business Plan Template

While many people will agree with how important it is to create a business plan, Edmonton small business accountant says the number of people that actually get business plans created for themselves is much smaller. As 1 of the founding fathers, Benjamin Franklin was famous for saying, if you fail to plan, you are planning to fail. Entrepreneurs that get business plans are 50% more likely to succeed and grow their business then businesses without plans.

With how important business plans are, Edmonton small business accountant says 1 of the most common reasons why entrepreneurs do not get business plans created for themselves is cost. Especially because businesses that need business plans the most, are the businesses that are struggling, they often are hesitant to pay even more money for something that they are not sure that they can pay for. While some might argue that businesses that are struggling should get business plans created anyway, and they will be able to recoup the money by implementing the strategies. However, in order for struggling entrepreneur to think of that strategy, they need to be talking to the right people in the first place.

Therefore, an Edmonton small business accountant Spurrell and Associates decided to stop charging additional fees for their business plans, so that it would not become a barrier to those entrepreneurs that needed the help the most. Because of that, they set out to create an effective business plan template that could help ensure that businesses that needed help the most were able to get it regardless of their financial situation.

Most accounting firms charge an hourly fee to create their business plans, which means businesses are not able to get an upfront cost of this process. If they do not know if it is going to cost them a couple hundred dollars, or a few thousand dollars, this is why businesses tend to not get business plans created. However, systematizing the business plan insured that Spurrell and Associates were able to speed up their business plan process, so that they did not have to start charging an hourly fee for their business plans.

They started creating their business plan template bike making a list of all of the most common mistakes, missteps, and common reasons for businesses to fail. Once they had this list, Edmonton small business accountant needed to come up with a list of great business initiatives that could help businesses grow, produce the risks, or avoid making those missteps are mistakes. They discovered that there are several common problems, and several potential strategies that they could use in their business plan.

By ensuring every single 1 of their clients is able to get an efficient and effective business plan, this Edmonton small business accountant started ensuring that they could help their clients succeed. Instead of standing by, watching them make avoidable mistakes, they now have the power to help their companies succeed in business, and keep their clients for several years to come.