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Publisher: International Federation of Accountants
No. of
Pages: 83
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This
information paper is published by the Professional Accountants in
Business (PAIB) of the International Federation of Accountants (IFAC) in
collaboration with the Malaysian Institute of Accountants (MIA).
The paper is intended as a general guide in presenting and explaining
the concepts, techniques, frameworks and methodologies of writing
business plans for the small and medium enterprise (SME) owners. While
this guide is aimed at SMEs, the principles and practices referred to
are equally applicable for practitioners who are servicing these SMEs.
The practical applicability of these principles and practices is not
intended for micro-businesses, i.e. one-man shows, although they could
find many aspects of the guide useful, but for those businesses with a
basic organisational structure in place as well as for fairly
sophisticated SMEs. The paper provides practical guidance that will help
SMEs to understand their own business and industry while enabling them
to better evaluate their business potentials and associated risks.
However, the paper does not go into a detailed discussion of the |
behind the
various concepts of business planning.
Part I is a brief overview of the subject. Part II, ‘The Purpose of
Preparing a Business Plan’, explains the purpose of business plans and
the general principles and practices covering the basic elements of a
business plan. Part III, ‘Structure of the Business Plan’, helps the
reader construct an effective business plan.
The paper also includes a business plan checklist and a sample of a
business plan. The paper complements an earlier publication, Setting
Strategic Directions in the Small and Medium Enterprises: A Guide for
Professional Accounting Advisors, which focuses on assisting managers
working in SMEs and practicing accountants engaged in advising SMEs.
The paper can be downloaded free of charge from the IFAC on-line
bookstore at www.ifac.org A link to the paper is also available at the
MIA website at www.mia.org.my |
