They are required by banks, investors and other financial institutions prior to any decisions being made.
Planning is no longer a luxury confined to larger companies.
Advanced planning can make even the most daunting task less complex. Plans, studies, profiles and projections are essential parts of commercial practice. They are as much needed for the start of a new enterprise as they are a necessity for multi-national corporations. Business Plans take many different forms dependent only on the rationale for their commission. Again, as with business plans and feasibility studies, company profiles can take a number of differing formats depending on the reason for their commission.