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Business Planning – Your Blueprint to Business Success

Running a business without a business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim – and the process will surely be a death-defying one.

A business plan is a step-by-step guide to running your business and creating a product or service that will make it successful in the marketplace.  You and your business plan must be flexible.  Your plan will need to be adjusted periodically depending on opportunities in the marketplace, the current health of your business and so on.

Every business should have a plan.  It may be formal or informal, it does not matter so long as there is a plan.  For example, the fish and chip shop may not have formally written down the plan but, before setting up shop, a smart owner would have assessed factors such as the need for a shop in that area of town, the ability to attract clients there, the appropriate amount of stock to carry, the cost of utilities and the parking availability for clients. The owner who waits to figure these things out using trial (and mostly) error will be lucky to be left with his or her wits, much less any customers!

A business plan minimises risks and surprises.  Consider including the following in yours:

  1. A reasonable expectation of profitability – and when to expect this?
  2. How the business will pay you and any team members
  3. The estimated expenses
  4. The pricing strategy
  5. The need for what you are offering, and what profit margin can you expect.

While much of this may have occurred to you, it is very important to write it down.

A documented plan:

  • Helps you determine and coordinate all aspects of business operations.
  • Gives you a means to analyse and determine what might be the best change to boost your business out of a stagnant situation.
  • Assists you in determining the risks and benefits associated with any changes.
  • Decreases your chances of making a mistake or not considering important factors in your business.
  • Increases your chances of success.

So, do you have a Business Plan?  If not, we’d be happy to help you create one. Our creativity with business planning has led to our success at winning several business awards, and we’ll be delighted to share our knowledge and experience with you. Call us on 020 8530 0720 or email social@nordens.co.uk to get the ball rolling.

Voted as EXCELLENT - 9.8 out of 10 based on 160 reviews

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Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

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Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

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Simon Rose

Director - Rose Opticians

I have been using Norden Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

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Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

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James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

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Christopher Wilce

Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

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Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

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Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

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Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

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Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

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Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

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James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

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  Why I Founded Nordens

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier, the difficult part was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

Mark Norden
Founder

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). They follow the bye-laws, regulations and ethical guidelines of the ACCA and we are an ACCA accredited employer. We are also accredited by Professional Passport for our Umbrella and accountancy services.