A good business plan is a guide and management tool for an entrepreneur, a source of information for financial institutions and potential investors to make financial decisions. A well-designed and well-thought-out business plan is the basis for a successful business by providing a significant advantage over competitors.
An entrepreneur needs a business plan both – when setting up a company and when applying for financing or refinancing of existing activities (e.g. to expand, launch a new product/service or attract investors). Crises (e.g. Covid-19) influences are guiding businesses to consider state support measures, which requires both a comprehensive overview of the company’s situation as well as realistic financial projections.
Grant Thornton Baltic specialists prepare financial projections, forecasts and budgets, as well as feasibility studies and financial analyzes. Based on your goals and objectives, we develop business plans that meet international standards.
Preparation of a business plan
We prepare a business plan based on the needs of your company. In addition to business and financial advisors, we also involve experienced tax and legal advisers in the working group for preparing a comprehensive and value-creating business plan. If necessary, accounting and auditing specialists also participate in the working group.
Professional and personal approach
Grant Thornton Baltic prepared a financial model and forecast for Kilingi-Nõmme Cooperative (Coop), which was the basis for the Net Present Value (NPV) scenario analysis.
As for Grant Thornton's financial advisory team, I am pleased with their professional and personal approach, both in their commitment to understanding our business objectives in depth and in translating them into numbers. The NPV scenario analysis carried out by Grant Thornton's specialists was crucial to our decision and has given us a better insight into the future prospects of our company.
Kilingi-Nõmme Cooperative was founded in 1911 with the establishment of the Saarde Cooperative. The cooperative operates in Pärnumaa. Kilingi-Nõmme Cooperative has a total 96 employees, 547 members or client-owners and 9 stores, including 3 Coop Konsum stores, 1 Coop Construction Centre and 5 Coop small stores.