Q. What is business advisory?
A. This advisory service encompasses a wide range of areas including strategy formulation, financial management, marketing, human resources, technology integration, and compliance with legal and regulatory requirements. Business advisors analyse the challenges and opportunities facing an organisation, providing tailored recommendations and actionable insights based on in-depth industry knowledge.
Q. What is a business plan?
A. The plan covers various aspects, including product or service offerings, target market and customer analysis, competitive landscape, marketing and sales strategies, management structure, and a financial plan with projections of revenue, expenses, and profitability. A business plan is crucial for securing financing from investors or lenders, as it demonstrates the viability and potential success.
Q. What is cash flow planning?
A. This planning encompasses estimating future cash inflows from sales, financing, and other sources against anticipated cash outflows for expenses, loan payments, and investments. The goal is to maintain a positive cash flow, allowing the business to meet its financial obligations on time, invest in opportunities for expansion, and build a buffer against unforeseen financial challenges.
