M002 Business Planning

M002 Business Planning

1. Principles of Law

2. Short and Long Term Business Plans

   • Business Strategy
     • Strategy = determination of long-term goals+ obj of an enterprise & adoption of courses of action & allocation of resources necessary 4 carrying out these goals
   • Business Planning
     • A business plan deals with the detailed implementation of specific aspects of overall strategy.
   • Business Plan
     • Where are we now
       • Who we are, why we do this, how we do this, who are our current customers, who are our future customers, where the income is derived?
     • Where we want to be ( and when)
       • clear “Vision” of the future
     • How are we going to get there?
       • step by step plan of getting from A to B
         • Review of A to B to see if it brings strenth/opportunities or weaknesses/threats
           • SWOT analysis
             • Specific, Measurable, Achievable, Realistic and Time-framed
       • Financial Forecast.
       • Identify Business Objectives of the Project in both Time and Profit
       • All Objectives must be SMART - Specific, Measurable, Achievable, Realistic and Time-framed

3. Market Anlysis

4. Capital Allowances

   • Investment and Incentives
     • Tax
     • Grants
   • What?
     • Tax relief on capital allowances
   • Capital expenditure?
     • Expenditure on assests employed in a business
   • Reduces Tax Bigg
   • Capital Allowances Act 2001
   • Enter text here

5. Five Year Plans

6. Business Suport Services

7. Staffing Levels