A business plan is the blueprint for the success of a business. All too often the time dedicated to the planning stage is superseded by the excitement of progressing with the new venture.
A business plan is essential in making a successful application to Hone Affairs for the correct business visa, but this should not detract from its main focus – it is how you manage your business.
It is at this planning stage you can see if your ideas are realistic and can move from paper into a blossoming business. The old adage that if you fail to plan, you plan to fail, remains truer today than ever before.
For example, some 90% of start-up businesses in the food industry fail in the first 12 months. Of the 10% left, 90% fail in the second year. Proving enthusiasm alone is not sufficient.
Compiling a business plan for a new venture abroad is complex – it may well be new ‘territory’ for you, geographical constraints may prevent proper research and the impact of a failed business will be amplified by the fact you have moved yourself, your family and life to South Africa to undertake this new venture.
There can be no doubt an effective business plan increases your chances of success and that money spent in achieving this should be viewed as an investment in yourself and your future.
Business Plans South Africa – How we can help
We specialise in compiling business plans for foreigners wishing to operate a business in South Africa. Our international team supply expertise in marketing, taxation, budgeting and local knowledge. Our plans cover the following areas:
- Executive Summary
- Objectives
- Mission
- Keys to Success
- Company Summary
- Company Ownership
- Start-up Summary
- Management Summary
- Service Business Analysis
- Competition and Buying Patterns
- Market Analysis Summary
- Service Business Analysis
- Market Segmentation
- Strategy and Implementation Summary
- Sales Forecast
- Financial Plan
- Start-up Funding
- Key Financial Indicators
- Business Ratios
- Break-even Analysis
- Projected Profit and Loss
- Projected Cash Flow
- Projected Balance Sheet
- Curriculum Vitae
