Strategic Business Planning in Scarborough and Saco, ME
A business plan is most commonly used as a way for a new business to secure financing from potential partners, financial institutions, and other interested parties. However, the merits of having an overview of your business go beyond attaining initial funding. By documenting your organization’s goals, structure, products, and financial projections, you can more easily identify opportunities for growth and focus your service and management efforts to capitalize on them. At Worthing & Going, CPAs, we provide business planning services that enable Scarborough entrepreneurs to be proactive when promoting the future of their organization.
When Should You Consider Business Planning?
Having a proper plan in place is important in creating a successful venture. Worthing & Going, CPAs have years of experience working with business owners to develop a plan that defines their long-term goals and the resources needed to achieve them. Whether starting a new business or looking to expand and improve an existing one, our firm will assist you in drafting and implementing a plan specific to your organization and industry. At your consultation, we will sit down with you to discuss the characteristics of your business and what you envision as your ideal financial state. These details become the framework of the business plan, outlining the overarching goals of your organization.
When working with our firm, you are always welcome to reach out to us with questions about your business. Should you need more than help creating a plan, Worthing & Going, CPAs offers a comprehensive package of accounting solutions for business owners that includes unlimited consultations.
Budgeting and Cost Accounting
The next key area where many businesses fail is proper budgeting. By not establishing realistic expectations of what to pay for your inventory and overhead, you can either struggle with debt or unnecessarily limit your resources.
Worthing & Going, CPAs helps you both establish a budget and conduct the cost accounting necessary to keep it effective. We record every expense and review it with your management, finding any areas of improvement that can be used to enhance your company’s operations. Then, we can look at your budget to see which costs need to be cut or minimized for a more successful operation.
Contact Us for Business Advice
At Worthing & Going, CPAs, we make sure your company is given all the tools it needs to stay competitive. Our support lets small and medium-sized businesses make it through difficult times and reach their goals. For more information about how we help your business succeed, call us and schedule a consultation today.