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Business
Plans and Advanced Business Plans
are a
prerequisite for funding, re-financing, acquisition, soft
costs, construction and infrastructure. They are required by
banks, investors and other financial institutions prior
to any decisions being made.
Planning
is no longer a luxury confined to larger companies and
developers. Advanced planning can make even the most
daunting task less complex. Plans, studies, profiles,
financial modeling and projections are essential parts of
development. They are as much needed for the start of a new project
as they are a necessity for multi-national developers
Business
Plans take many different forms dependent only on the
rationale for their commission. In the main, TNM are
commissioned to write plans that are to be presented to banks
and financial institutions for company expansion and/or full
reorganization and/or working blueprints for the project
itself..
Company
Profiles: As
with business plans and feasibility studies, company profiles
can take a number of differing formats depending on the reason
for their commission. A company profile can take the form of a
simple "This is who we are and what we do" or be an
elaborate, multi-page leather-bound volume. Most, however,
fall somewhere in between. Regardless of format, they are only
effective if professionally written in terms of both content
and quality.
Feasibility Studies: A
feasibility
study is the due diligence that every person or company should
do before starting any project. A well prepared and researched
study could save hundreds of thousands of dollars further down
the road. It helps avoid risk and answers questions, like:
Will
it work ?
How will it work ?
What is needed ?
When is the best time ?
How much investment is needed ?
What will the return be ?
How long will it take ?
These questions are only the start.
The place to start is with a Feasibility Study.
Risk,
as every successful developer knows, is an inescapable fact of
business. A well prepared and researched study can help
reduce the risk. By giving a true measurement of that
risk, feasibility studies help pinpoint market opportunities
and pitfalls, as well as building platforms for the
assembling of good ideas. Once a full assessment has been
completed, a firm launch pad is constructed for the
implementation of the project./development
Many new developments and indeed, new projects, stumble in the
first year. The main cause is lack of adequate advanced
planning, thus causing initial under-capitalization, cash-flow
problems and therefore panic management.
Most,
if not all the risk, can be avoided with a feasibility study!
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