Sedgwick Legal is a Manchester based North West law firm providing specialist advice in business law and commercial law issues. Experienced and friendly solicitors who understand your day-to-day business problems and business legal needs provide expert specialist legal advice tailored to your own business requirements.
Our aim at is to provide a comprehensive range of legal services to business clients seeking a "one stop" approach to meeting the legal needs and requirements of our corporate, commercial and business clients which includes:
- Contract term negotiations
- General commercial contracts
- Shareholder agreements
- Partnership agreements
- Sales of businesses and their premises
As your specialist business legal advicers our intention is to provide you with quality legal advice that is both cost effective and comprehensive as well as in plain English; we aim to deliver "on time" and "within budget".
Frequently Asked Questions
The content of a business plan is unique to its business and management. However, in general it must:
Give an over view of the business:
- Summarise the plan and matters required to be successful
- Set out short and factual statements to persuade the reader to enter the detailed sections of the document
- Outlining the overall strategy for the business
Define the intended market and your intended product, stating:
- The product benefits
- Market sizes
- Prospects for expansion
- Who your competitors will be
- Obstacles you need to overcome before entering the market place
- Customer care and quality issues
- Potential for the business
About your competitors:
- Detail their strengths and weaknesses
- Detail their marketing strategies
- Outline their skills
- Highlight likely future developments, including new competitors and trends
About your management and organisation structure:
- Show track record of key employees
- Detail financial, organisational and other relevant skills
- Detail the commitment of management
- Detail the strategy for attracting and retaining staff
- Highlight any fundamental gaps in the team and how you will avoid problems
Define processes by reference to:
- Production
- Capital investment requirements
- Skill and personnel requirements
Describe premises and facilities:
- Detail their capacity, how you will use them and constraints
- Describe key plant and equipment needs
Define the financial performance of the business:
- Set out any past, present and future results
- Detail historic trends and following reference points through into forecasts
- List the assumptions used in detailing the above
- Identify the level of security that is inherent in the business
- Set out cash flow requirements
- Identifying sensitivity to changes in the underlying assumptions
- Show how management´s previous expectations have been achieved
- List key customers and key suppliers
- Set out management information generated
- Outline the anticipated taxation position
- Listing shareholder/partners details
The above may vary according to the specific business you intend to operate but is a broad summary intended to set the nature of a business plan in general context only.
