MW Interim Finance attended a number of key networking events and forums this week in central London and Surrey, organised by the Institute of Directors – West Surrey, Menzies LLP and the Surrey Chambers of Commerce. Key themes included; engaging businesses to review their strategy and objectives by recognising the significant shift in consumer demand in the next twenty years; the continued growth of China and India in the global economy; technological changes away from the “physical” to the “virtual” supply of goods and services.
One of the services that MW Interim Finance provides, as a senior level finance resource, is assisting directors and owner managers in formulating, preparing and reviewing corporate strategy and planning. Supporting businesses in meeting their objectives through delivering “lasting change” is a strength of professional interims.
Working with small and medium sized enterprises, (SME’s), it is often the case that, apart from when a company first commences trading, there is no formal annual update of a business plan. In some cases a company grows without a business plan never having been produced. In an economic downturn not having a business plan can hinder the future of the company both in the short-term and strategically.
In these challenging economic times companies find themselves more often operating on a day to day basis and strategic planning is not considered important. The preparation and implementation of a business plan is an essential part of a continuous strategic planning process and key to a review of the business, supporting funding requests and a requirement in any due diligence exercise when assessing an acquisition opportunity or the divestment of the business.
MW Interim Finance can assist you in compiling or reviewing your business plan, For further information email email@example.com