Developing Comprehensive Business Plans

fresh solutions We can assist you in developing a comprehensive business plan as a tool to secure your financing needs and also serve as your blueprint as your business develops in its first three years. Having the business plan is only the first step. You may also wish to affiliate your business with an organization that supports your industry or if you are an entrepreneur you may consider becoming a member of the Barbados Small Business Association where you can find immediate benefits including networking with other members of the association, members discounts, access to a secretariat with facilities that can enhance your operation, training at special member rates and equity financing up to a maximum of $200,000.00 to mention a few.

If your business was incorporated within the last 12 months, you can make an application as a member of the Barbados Small Business Association, for a refund of incorporation fees up to a maximum of $1,700.00

We have designed a unique training program aimed at equipping non financial managers with the basic knowledge and tools to compliment the strategic and financial planning process within the organization and to develop a pro-active approach to budgeting, please see below for an overview.

Areas covered in the program

Agenda

Introduction
Personal Financial Planning
Basic Accounting
Budget Reviews - Current Year
Financial Environment
Review of Historical Trends
Review of insurance policies
Staffing issues, incentives and productivity bonus
Marketing
Capital Budgeting Vs Revenue Budgeting
Multi-Year Planning & Budgeting
Budget Analysis
Financial projections - Next two years
Summary & Evaluation

Outcomes

To provide a forum for management to ask specific questions and to identify any financial policy issues affecting the various departments of the organization.
To create an understanding of the benefits provided by the employer including additional pension planning if required.
To create an appreciation of the need for planning finances for the short, medium and long term.
To encourage management participation in financial planning and decision making at the department within the organization.
To provide information on the organizations financial planning initiatives (Multi-Year Budgeting Cycles).
To improve financial effectiveness at the department level within the organization.
To provide a forum for participants to share ideas.
To create a clear understanding of organizations budgeting process.
To create an understanding of basic accounting concepts.

Requirements

SWOT analysis for each department within the organization.

Notes

The training program is usually covered in 30 hours but can be tailored to any organization and participants receive an attendance certificate for their contribution.

Computerized Accounting:

QuickBooks has become the preferred accounting software by many businesses and we recommend that you make an investment in you own purchased copy. Once you make that step, we can assist you in installing and setting up quickbooks to suit your specific needs. Training is also available for you and your accounting staff in the use of quickbooks.

Payroll:

We can set up or recommend the right solution for you as part of the financial services we offer. You should consider the requirements of the Barbados Inland Revenue Department for electronic filing for PAYE, GOODS & SERVICES etc... when choosing a payroll program for your business.

Income Tax:

We offer advice and consultation to individuals in completing their personal income tax returns in addition to companies making corporation tax returns. We also prepare and file Value Added Tax (VAT) returns on behalf of clients.

Desktop Publishing:

We can design and print your stationery, business cards, flyers, etc or assist in developing power point presentations.

Consultation and Management:

Web Publishing:

We recognise that the largest customer base anywhere exist on the world wide web and we have developed marketing services through website development and maintenance.