Financial risks and opportunities
So far, you have identified the main risks and opportunities relating to market demand (Chapter 3 of your plan), industry competition (Chapter 4), strategy (Chapter 5) and resources (Chapter 6). Now you need to add the final set – those relating to specific financial issues.
The most obvious financial issues that could impact your business plan will be interest rates, exchange rates and tax rates. Ask yourself to what extent your business plans would be affected if there were a significant change in any of these rates, whether in a favourable or an unfavourable direction.
What are the financial risks that are reasonably likely to occur and with reasonable impact if they do occur? These are the big risks (as ...
Get The FT Essential Guide to Writing a Business Plan, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
