₦airaland Forum

Business plan is an important tool that help businesses to set their corporate goals and objectives while it also gives business owners ability to track their business progress.

Having a business plan should be the first thing done when starting a new business.

The best way for businesses to clarify their business ideas is by having well-detailed and resourceful Business plan. Though, it can change at any time, Business plan serves as a road-map to the future of the business.

It has been proven that 45% of Entrepreneurs that have Business Plans before starting their business build viable and successful businesses that last the test of time.

Here, we will highlight some major importance of business plans

1. It facilitates easy decision making: While businesses will continue to encounter challenges at different phases, it is important for Entrepreneurs to manage crisis in the best way. Building Business Plan helps to answer critical questions about the business challenges and it gives business owners a clear direction of the business.

2. It serves as insight: business plan is a management tool that gives business owners and managements insight into the business. Writing a business plan involves making research about the business, this research helps to understand the business processes and provides business operational details.

3. Business plan helps to convert business ideas and vision to successful business: every business start off as an idea or a vision, this idea or vision becomes successful business when strategic steps are taken. Business plan helps to bring ideas and visions into a written documents that serves as a guide.

4. It helps to avoid mistakes: business owners who carry out business activities without a business plan is liable to make mistakes which put the business at risk of failure or total collapse. Such mistakes include pricing problem, marketing problem, funding problem, etc. Business plan provides adequate information to avoid these problems.

5. Business plan serves as a communication tool: business objectives are best communicated to employees, partners, investors and other stakeholders using a business plan.

6. Business plan as a business benchmark: successful businesses have benchmark which serves as standard against which the business performance are measured. The goals and objectives in business plan is a useful benchmark to measure how the business has performed.

7. Business plan helps to secure financing: businesses that need fund from lenders, investors or grant givers to finance their businesses must have detailed business plan that gives an overall image of business activities. This helps investors and lenders to determine viability of the business and if such business can meet it repayment obligations as at when due.

Fagbemi Abiola Isaac, ACA

ALPHA KAPPA CONSULTS.

08033695128

Support@alphakappaconsults.com

Importance of company registration.

Most times, a lot of existing business owners ask why it is importance to register their business as a company.
In Nigeria, the government agency charged with registration of company is Corporate Affairs Commission (CAC).
There are different type of registration.
E.g Business name registration, Partnership, company limited by shares, Company limited by Guarantee, Incorporated Trustees (NGO, Churches, etc)

Today, we will highlight the importance of company registration.

1. Company registration gives your business a unique Identity: a registered company is a legal entity and it is a separate being. This gives your products/services an identity different from others. Your business is identifiable with it company name which distinguishes your products/services from that of other companies.

2.Company registration attract customers and clients to your business: A registered company attract customers and clients as it makes you look serious and more trusted by customers who are assured of dealing with you as a government registered company.

3. Opening and running of Bank accounts: Company registration gives you opportunity to open a business account for your company with banks. Customers and clients preferred making transaction with company business account than owners/directors personal bank account.

4. Ability to get credit facilities, investment and grants: Banks and other creditors give out loan in form of Personal and business loan. Business loan are only given to registered companies. Also, Government grants are given to known registered company. No investors will invest their money in an unregistered company.

5. Right to protect your Brand/Products: A company registered to carry out a business has a right to protect and distinguished it products/services using Trademark, Patent, Right to name.

6. Continuity of Business: since a company is a separate entity, when business owners died, a registered company continue to exist as it is passed from one generation to another.

7. Award of Contracts: If your business involves taking contract, your company must be a registered company. No Government or organizations would award contract to unregistered company.

8. Protect you from personal liability: in case something goes wrong, liability is limited to the company's assets

You want to register a company with ease and at a competitive Price?
Talk to us: support@alphakappaconsults.com
08033695128

#CAC #CompanyRegistration #Importance #Type

Result is out ooooo. I have qualified oooo

alaraa:
Done.

Thanks seen. Latest chartered accountant. Glory to God

Pls help me send professional to ola370012@gmail.com. thanks

Abdomox:
I will share link shortly

oh thank you

The guy promised to go back to snap all the professional pages. Hopefully, he will fulfill his promise

PresVA:
The picture you posted has nothing to do with exam result. ..

just showing names and details of candidates that sat for the Nov exam for professional level..

I am sure that list was generated prior to exam..

Correct me, if I'm wrong. .

Thank you.

check very well. You will see candidates completing the level

S33rah:
Is this your first time writing ican? That what they do so please keep ur thoughts to ursef. No one has time to even check someone else's result at this point

yes ooo. It isn't new, nothing to hide

Bonnyking2:
pls can u snap d qualified list

pls kindly upload for all professional

Pls kindly share professional result with me 08033695128 or ola370012@gmail.com