By Barbara R at October 01 2019 02:17:00
The author runs InkSeal Business Plan Services, a company based in Toronto, Ontario, Canada, that writes and edits business plans, provides technical writing services and Internet marketing (SEO, etc.). InkSeal has a team of half a dozen other writers and editors to serve clients all over Canada, the USA and beyond.
Create A Capital Plan: Next, I would develop a capital plan identifying dollars to be spent on the business to increase its overall value. While all capital dollars may not entirely be discretionary _ i.e., investing dollars for anticipated return from growth _ it is necessary to determine how capital dollars will be allocated whether for discretionary purposes or general maintenance. Projects that require capital are critical for the company growth and must be managed to their desired return, avoiding shortfalls in ROI or issues involving "capital creep". If you haven't already, setting up a capital committee to review expenditures in advance of the start of the project provides some assurance that the projects have been vetted against return on investment. Lastly, developing a post_audit process enables the team to review and monitor the progress of ongoing investments.