What Are Our Business Planning Products & Services

Our Business Planning Services include the following:

  • Feasibility Study

  • Business Plan

  • Financial Model

  • Business Plan Assessment 

  • E-Book on How to Develop a Business Plan for Financing (to develop a plan on your own)

 

We provide business planning services for business owners who are either trying to determine if their business idea or project is feasible or for those who are looking for financing or investment for their business.

 

We assume as a business owner that you understand the concept or business, as this is not an exercise where we help you develop your idea or business.  A lender or investor is expecting this, as it is you in which they are taking a risk, not RK Fischer & Associates.

 

Feasibility studies and financial models can be used by a business to determine if a business, idea, or project is feasible before investing time and resources in the business.

 

We only develop business plans for financing or investment, business valuation or in order to help a business that has a current loan convince the bank they are in good standing.

 

Our Success With Obtaining Financing

 

  • We have helped businesses in various sectors obtain financing or investment from $250K - $2M at one time. In many cases, clients have received multiple rounds of financing.

 

  •  Remember that we can not guarantee financing or investment as we do not get involved in looking at your business and personal credit, which plays a pivotal role in determining whether you will qualify.  We will tell you prior to beginning an engagement if we do not believe you currently have a chance of getting financing, so you do not waste money until you have the best chance.
     

  • We have had several clients come to us after a plan was developed by someone else was turned down by the lender because they chose not to invest in having a plan developed by professionals. In many cases, they were referred by a lender to us. They, unfortunately, had to spend the money again for another plan.  Remember that each time you ask for a loan, it affects your credit rating.

Our Differentiation

  • Our focus is on developing plans for financing.  Most of our clients are looking for a minimum of $200K.
     

  • Our engagements include both coaching and consulting to ensure the business owner is successful. We have developed our own methodology and process for developing a plan.
     

  • All of our planning engagements are fixed price once we understand the complexity of your business.  We will not quote without having a telephone conversation with the client.
     

  • We have relationships with banks, credit unions, some investors, and third-party lenders for those who have not chosen a financing partner.
     

  • Since starting our business in 2010, we have not had a client turned down for financing that we completed a feasibility study or business plan.  We have told potential clients when they will not be approved and why so they do not waste their money before their business is ready.
     

  • Our financial model that is developed by our partner, who is a CPA is our differentiation and is built based on the real assumptions of your business, and this can be given to the lender/investor in addition to the plan.

  • We will meet with the lender on your behalf if needed to explain the financials.

DELIVERING CLARITY & FOCUS TO OWNER-OPERATED BUSINESSES IN CANADA

BUSINESS PLANNING SERVICES

Our Business Planning Process

All of our Business Planning offerings follow the same process and methodology. 

  1. We will provide you with a detailed questionnaire about your business as well as a spreadsheet for the financials. If you are an existing business, we will require two years prior financial statements as well.
     

  2. Once the questionnaire and financials are completed, we will provide an online 2-hour session with the business owner to review the answers to the questions and financials provided.    During that session, we will provide coaching to help the business owner in areas that may need more work or to help point them in the right direction to obtain the information.  We may also have a few more questions from time to time, as well.
     

  3. A draft of the business plan, financial model or feasibility study will be provided and will be reviewed with the business owner and then will be incorporated in the final plan or model.  As part of our service, we will speak to your lender or investor on your behalf and answer any questions related to the plan or financials if required.

Design thinking is a human-centered appr

Our Business Planning Offerings

Business Plan 

Business planning for financing

It is important to understand that a business plan assumes you already have a business strategy in place as a business plan is a detailed execution plan of how you plan to meet your business and financial goals for each area of your business and includes the following:

  • Go Forward Goals

  • An Understanding of the Industry and Your Target Market

  • Corporate Brand Established

  • Defined Products with Pricing and Placement Defined

  • Go To Market / Sales Plan/ Forecasts

  • Marketing Plan

  • Understanding of Skills and Employees Required

  • Your Background and Experience

  • Understanding of Your Operations

  • Basic Understanding of Your Revenues, Costs, Assets, & Liabilities

Every business plan includes a financial model with 5 years of proforma financial statements:  income statement, balance sheet, and cash flow statement.

Feasibility Study

Feasibility Study for Financing

The purpose of a feasibility study outside a start-up using for financing is about determining the viability of a business idea, business, or project from an economic perspective. A break-even point is calculated to determine how much revenue is required to meet your projected operating expenses. A feasibility study looks at the following:

  • Definition of your idea, project or business

  • Industry, Addressable Market, Target Market & Size

  • Your Background and Experience

  • Your Top 3 Competitors 

  • Organizational Requirements to Meet Financials

  • Operational Requirements to Meet Financials

  • Assumptions related to building the model including: upfront costs, expenses, products, pricing, target market size and seasonaility.

Every feasibility study includes a financial model with 5 years of proforma financial statements:  income statement, balance sheet, and cash flow statement.

Financial Model

Financial Model for financial planning purposes.

A financial model builds "what if" scenarios based around your business including market size, forecast, pricing, products, seasonality, loan requirements and other pertinent variables. This information is then developed into a model for your specific business and is used to generate 5 years of proforma statements.  

The financial model with a business plan or feasibility study can help a lender or investor see first hand how the financials were developed and can also help the owner determine how changes can affect the financials and help them make the right decisions.

A financial model on its own can help a business owner determine if they will be able to generate the cash flow they need to spend the time and resources on a particular idea, project or business.

Every feasibility study and business plan includes a financial model 

Financing For Your Business

Picture relating to financing for your business.
  • We have existing relationships with traditional lenders, investors, and third-party lenders in case you need help in finding a financing partner.
     

  • We are not able to make guarantees on you receiving the financing as factors such as your industry, your risk factors, and your credit rating come into play but have not had a client turned down since 2010 when we first started.
     

  • We have developed business plans for insolvent businesses to provide a go-forward plan to the lender to prevent foreclosure.