As the festive season approaches investor thoughts go to planning their holidays and time away to spend their gains. This always signals a downturn in investor activity and is the ideal time to write that business plan, or fine tune the one on file, in readiness for their return in mid- to late January 2011. Of course, investor and general consumer confidence is still wavering and the news of Ireland's bail out will raise further questions of contagion and "who's next?".
The High street lenders also go quiet too at this time of year. They are also necessarily conservative on their lending policies in light of the economic conditions and further financial regulation. Any request for borrowing needs to be supported by a coherent and realistic business plan that takes into account the current economic climate.
But there is always appetite for investment in a good proposition that has a clear market opportunity and a team on board that will deliver. Make the most of the up-coming down-time and ensure you have a plan for 2011 that will position you well to accelerate out of recession.
The Business Plan Team
tel: 0800 088 7806
- Jon Hunt is the Lead Consultant for The Business Plan Team which works with entrepreneurs, start-ups and growing businesses that need help developing a professional business plan to secure funding and guide internal management. It has developed business plans for a wide range of businesses and corporate clients looking to raise funding of between £50,000 and £200million in many different industry sectors including Social Media, Retail, Construction, Mining, Renewable Energy, Technology, Healthcare, Interior Design, Sport & Leisure, Investment Banking, Wealth Management and Trading. Testimonials from these clients illustrate the high levels of service TBPT provides.