Developing your business plan on a page and translating this into a meaningful three-way budget

Enterprise Elements is experienced in the facilitation of strategic planning that is executable and reflective of your long-term business goals. We propose that a concise strategic plan using the Balanced Scorecard be developed that will enable alignment of strategic focus points for the next 12-24 months. The key focus areas of this process are as follows:

• People (Learning & Development) – Engagement, alignment and longevity of staff.
• Processes – Optimising the best way to deliver services supported by innovation in process service delivery.
• Customers – Consistent and regular engagement with target customers through a strong value proposition.
• Financial – Optimising the return on invested capital and delivering true shareholder value.

Every business should convert the strategic plan into numbers

The cash flow budget development process aims to convert the strategic execution plan, into a comprehensive financial model, demonstrating potential earnings, cash flow and return outcomes. This process forms the financial framework of ongoing financial performance reporting and will provide you with a clear target for growth and future financial performance. The budget can be seen as a working document that should be used for monthly comparison of budget to actual performance.