Business Plans!

Just the thought of creating one sends shivers of procrastination up your back.

But why? When you plan a vacation you choose a destination, decide how to get there, what route to travel, when to go, when to arrive, how much it will cost, who will travel with you, what landmarks/schedules you need to hit, etc. A Business Plan is that simple!

At Dorset Partners, a Business Plan is integral to all of our work. The process of creating one is unique to all businesses and all owners/managers. It is dynamic, not static. It is a tool by which you can best achieve your goals while communicating those goals to your employees, lenders, board and investors. A well written Business Plan helps you minimize risk and at the same time effectively utilizes all those assets that are available to achieve your profit goals.

Our approach is to “GUIDE” you through the Business Plan process so that it is your Plan not ours.

We take a 7-step approach to helping you create your Business Plan.

1. Review and understand your current financial and market position.
2. Establish shareholder goals.
3. Identify your core business and quantify its profitability as it relates to each additional business segment.
4. Review SWOT (strengths, weaknesses, opportunities and threats).
5. Establish priorities.
6. Assign responsibilities and time frames.
7. Create tools to measure progress.

We have assisted hundreds of companies create Business Plans for all types of profit and non-profit businesses. They all share the 7-step approach in common. As “Guides” we take an independent/objective point of view that cuts through office politics and the ever pervasive “can’t do” attitude.

Today is the best day to review, update or start a Business Plan. Call us for a free discussion of your needs and how we might best work together. Ask for Dave at 802-867-2456.