Planning is one of the pillars of each business function and an important key to success. Business plans are important tools in the decision-making process involving the formation of goals and successively the formulation of a plan which would help in achieving the predetermined goals. Business plans apply both to for-profit and not-for–profit organisations and can be either internally or externally focused. Business plans as decision making tools can be applied in the following processes, amongst others:
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Total Quality Management (TQM);
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Management by objective;
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Strategic planning.
Preparing a business plan requires a breadth of expertise from different business disciplines. The firm is well positioned to service clients requiring experience of professionals from various sectors and disciplines. We are able to design and develop business plans for internal management and strategy purposes, for raising bank finance, to attract new investors or to sell your business. Our business professionals are also experienced in drafting business plans for filing applications with local or foreign governmental authorities including Malta Enterprise, the Lotteries and Gaming Authorities or the European Commission.
A company’s business plan sets out its business goals and targets and serves as a road map in order to orient the company in the right direction to attain the objectives set. The business plan is an integral feature of the set documentation which is required to be submitted as part of the necessary application process to obtain a Maltese licence. The business plan provides the competent authority with a broad overview of the applicant’s proposed business, its promoters, the services it intends to provide and the relative financial products.
Chetcuti Cauchi pilots clients all throughout the pre-licensing process, offering services within the sphere of licence project management, including inter alia, assistance with respect to the preparation and drafting of business plans for firms wishing to apply for a licence. We ensure that business plans which are submitted to the competent authority mirror the objectives and intended business operations of our clients in order that the regulator may clearly assess the envisaged spectrum of activities and that they are in conformity with generally accepted guidelines regarding form and content. We help our clients to devise marketing, human resources, operational and financial sub-plans, and provide comprehensive advisory input in relation to all legal matters raised by the documentation.