A robust business plan and supporting financial projections are essential when stakeholders require a financial and/or operating plan upon which to base a financial restructuring or when an underperforming business needs to transform its operational and/or financial performance.
A good business plan will contain a clear articulation of business strategy, a set of actions linked to implementation plans and a detailed set of financial projections. While business plans may meet management’s internal requirements they often, in our experience, require augmentation to meet the requirements of external diligence.
FTI Consulting specialists, including operational, tax and industry professionals, support our project teams to review and develop specific aspects of business plans. We provide an unbiased and objective view to support the articulation of business plan assumptions.
In challenging and developing business plans our team typically:
- Assesses the validity of market and strategic assumptions
- Evaluates the management team and structure
- Reviews key systems, controls and processes
- Provides financial modelling capability to support scenario analysis