{"id":488250,"date":"2024-09-25T12:00:00","date_gmt":"2024-09-25T10:00:00","guid":{"rendered":"https:\/\/innovationorigins.com\/?p=488250"},"modified":"2024-09-25T12:00:00","modified_gmt":"2024-09-25T10:00:00","slug":"supercharge-your-startup-with-a-strong-business-plan","status":"publish","type":"post","link":"https:\/\/ioplus.nl\/archive\/en\/supercharge-your-startup-with-a-strong-business-plan\/","title":{"rendered":"Supercharge your startup with a strong business plan"},"content":{"rendered":"\n<p>Most startup founders\u2019 concern at the beginning of their entrepreneurial journey is making sure that the idea they have in mind works out and has an impact. Those developing hardware will resonate as they initially need to put more effort into testing, improvement, and developing a concept. At the same time, a startup is no different than any other business, and keeping an eye\u2014from the beginning\u2014on the financial side of things is as crucial to facilitating a startup\u2019s growth.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.forvismazars.com\/nl\/nl\">Forvis Mazars<\/a> is a global network that provides audit and assurance, tax, advisory, sustainability, and consulting services. The group employs over 40,000 people worldwide in over 100 countries. Forvis Mazars is one of the partners of the startup event <a href=\"https:\/\/www.levelup-event.nl\/\">LEVEL UP,<\/a> which will be held on September 30 at the Evoluon in Eindhoven.<\/p>\n\n\n\n<div class=\"io-block io-block__box\"><h2>Why this is important: <\/h2><p>Growing startups into scaleups is necessary for the Netherlands&#8217; economic growth. According to figures by Deloitte and the leadership program THNK, only 1 in 200 startups in the country reach the scaleup phase. LEVEL UP is all about supporting the development of successful startups. There, entrepreneurs will find inspiration, insights, and an international network to succeed and take their startups to the next level. Forvis Mazars can help your startup grow by helping you develop an effective business plan. Koen Tomassen and some of his colleagues will attend LEVEL UP. Make sure to say hi!<\/p><\/div>\n\n\n\n<p>Koen Tomassen is the director of Forvis Mazars\u2019s Eindhoven branch and specializes in advising, optimizing, and supporting Small and Medium Enterprises (SMEs). In addition to supporting family businesses, he also works with startups and scaleups. He provides support and advice to help them in their growth path to cope with challenges and get the most out of the opportunities.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A sound business plan<\/h2>\n\n\n\n<p>\u201cStartuppers take a lot of time to think about their business plan; sometimes, they even have a financial forecast to present to their stakeholders or investors. But then, as soon as they start the business, that plan disappears in a drawer,\u201d underlines Tomassen. In the early moments since a startup&#8217;s inception, from a management perspective, more attention goes to administrative and financial flows, diverting it from the business plan\u2019s performance indicators.\u201cAll financial outputs and information are connected to the business plan in the head of the founder, which, at that moment, is the company,\u201d he adds.&nbsp;<\/p>\n\n\n\n<p>In Tomassen\u2019s view, setting up a business plan is often underestimated. Having it in place at all times can help on several levels. \u201cA detailed business plan helps the entrepreneur communicate their vision. It gives perspective on the company\u2019s growth trajectory, informs potential investors and stakeholders, and provides the other employees with a clear focus on the goals to be achieved.\u201d<\/p>\n\n\n\n<div class=\"wp-block-io-blocks-bio io-block io-block__bio\"><figure><img decoding=\"async\" class=\"io-block__bio-image\" src=\"https:\/\/archive.ioplus.nl\/wp-content\/uploads\/2024\/09\/image002.jpg\" alt=\"\"\/><figcaption>\u00a9 Forvis Mazars<\/figcaption><\/figure><div><h3 class=\"io-block__bio-name\">Koen Tomassen<\/h3><h4 class=\"io-block__bio-position\">Director at Forvis Mazars Eindhoven<\/h4><p class=\"io-block__bio-description\">In addition to working with SMEs, Koen Tomassen also helps startups and scaleups grow. Questions? You can reach out to Koen via email: Koen.Tomassen@mazars.nl or via telephone: +31(0)88 277 16 99. <\/p><\/div><\/div>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: The LEVEL UP cast\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/3xt5URZlnMynk9H4d86jxG?si=3c35dabf35bc4b02&#038;utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>According to the director, the power of a good business plan is to be able to write it down \u201con just \u201ca piece of paper.\u201d \u201cThat\u2019s a realization founders have as we support them in sketching it out. \u2018I should have done it earlier,\u2019 they often tell me,\u201d he says. To this extent, financial and management experts consider a business plan that is well-structured, clear, and compelling, providing a realistic roadmap for the firm\u2019s future. The first step is to have it clear and tangible from the start.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Scaling up<\/h2>\n\n\n\n<p>When a startup grows and becomes a scaleup\u2014a startup that has grown 20% in turnover or employees in three consecutive years\u2014new challenges arise. This expansion might involve entering new markets. Complying with different tax regulations or following different procedures for hiring personnel in a new country are two examples Tomassen sees as typical.&nbsp;<\/p>\n\n\n\n<p>In this transition moment, assessing possibilities and threats is topical. Setting up a good financial management system can\u2019t be done without a gap analysis. Companies use this evaluation process to compare their current performance with their desired, expected performance. It determines, for example, if expectations are being met and if resources are being used efficiently.&nbsp;<\/p>\n\n\n\n<p>\u201cIt helps us see what opportunities the company can tap into and how to mitigate risks. This helps structure a business plan better,\u201d Tomassen stresses. An overarching vision makes scaleups better prepared for what can happen and steer their goals and business intentions accordingly.&nbsp;<\/p>\n\n\n\n<p>Given its worldwide presence, Forvis Mazars can provide its clients with insights from other companies. Tomassen: \u201cWe are in the position to give companies background information on how a market is developing. These bits of information can be valuable for other companies to rethink their strategies if a risk is coming.\u201d&nbsp;<\/p>\n\n\n<div class=\"vlp-link-container vlp-layout-basic wp-block-visual-link-preview-link advgb-dyn-e972b890\"><a href=\"https:\/\/ioplus.nl\/archive\/en\/forty-tech-startups-compete-for-level-up-awards\/\" class=\"vlp-link\" title=\"Forty tech startups compete for LEVEL UP Awards\"><\/a><div class=\"vlp-layout-zone-side\"><div class=\"vlp-block-2 vlp-link-image\"><\/div><\/div><div class=\"vlp-layout-zone-main\"><div class=\"vlp-block-0 vlp-link-title\">Forty tech startups compete for LEVEL UP Awards<\/div><div class=\"vlp-block-1 vlp-link-summary\">After a pre-selection by experts and submissions by the public, the jury of the LEVEL UP Awards has selected the 40 most promising tech start-ups. <\/div><\/div><\/div>\n\n\n<h2 class=\"wp-block-heading\">Stimulus<\/h2>\n\n\n\n<p>On the whole, the director enjoys working with innovative companies. \u201cWorking with business owners makes me learn new things every day; it is an aspect of my job that I like.\u201d Tomassen will attend LEVEL UP for Forvis Mazars. Meet him and his colleagues at the LEVEL UP Clubhouse, in Evoluon\u2019s restaurant, the meeting point for investors, startups, and all ecosystem stakeholders. The <a href=\"https:\/\/innovationorigins.com\/en\/investor-cafe-connects-international-entrepreneurs-and-investors-during-level-up\/\">Investor Caf\u00e9<\/a> will also take place there; Forvis Mazars will participate in the opening of the Investor Caf\u00e9.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: The LEVEL UP cast, episode 2\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/6wtpS0bWgqixaBzPxPCzg8?si=8tVQ0Z9WQBCiowvDZoVD7Q&#038;utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Most startup founders\u2019 concern at the beginning of their entrepreneurial journey is making sure that the idea they have in mind works out and has an impact. Those developing hardware will resonate as they initially need to put more effort into testing, improvement, and developing a concept. At the same time, a startup is no [&hellip;]<\/p>\n","protected":false},"author":2084,"featured_media":506214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"views\/single-partner.blade.php","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[84165],"tags":[86274,85068,23411,2698,2886],"location":[6763],"article_type":[43139],"serie":[],"archives":[],"internal_archives":[],"reboot-archive":[81075],"class_list":["post-488250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community","tag-forvis-mazars","tag-levelup24","tag-scaleups","tag-startups","tag-startups-en","location-netherlands","article_type-features","reboot-archive-community"],"blocksy_meta":[],"acf":{"subtitle":"According to Koen Tomassen, director of Eindhoven\u2019s branch of Forvis Mazars, a solid business plan is the key to a growing startup success. ","text_display_homepage":false},"author_meta":{"display_name":"Mauro Mereu","author_link":"https:\/\/ioplus.nl\/archive\/author\/mauro-mereu\/"},"featured_img":"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2024\/09\/SAEYS_Level_Up_2023_0647.jpg","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/community\/\" class=\"advgb-post-tax-term\">COMMUNITY<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">COMMUNITY<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/community\/\" class=\"advgb-post-tax-term\">Forvis Mazars<\/a>","<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/community\/\" class=\"advgb-post-tax-term\">Levelup24<\/a>","<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/community\/\" class=\"advgb-post-tax-term\">Scaleups<\/a>","<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/community\/\" class=\"advgb-post-tax-term\">startups<\/a>","<a href=\"https:\/\/ioplus.nl\/archive\/en\/category\/community\/\" class=\"advgb-post-tax-term\">startups<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Forvis Mazars<\/span>","<span class=\"advgb-post-tax-term\">Levelup24<\/span>","<span class=\"advgb-post-tax-term\">Scaleups<\/span>","<span class=\"advgb-post-tax-term\">startups<\/span>","<span class=\"advgb-post-tax-term\">startups<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 2 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on September 25, 2024","modified":"Updated on September 25, 2024"},"absolute_dates_time":{"created":"Posted on September 25, 2024 12:00 pm","modified":"Updated on September 25, 2024 12:00 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/488250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/users\/2084"}],"replies":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/comments?post=488250"}],"version-history":[{"count":0,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/488250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media\/506214"}],"wp:attachment":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media?parent=488250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/categories?post=488250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/tags?post=488250"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/location?post=488250"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/article_type?post=488250"},{"taxonomy":"serie","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/serie?post=488250"},{"taxonomy":"archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/archives?post=488250"},{"taxonomy":"internal_archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/internal_archives?post=488250"},{"taxonomy":"reboot-archive","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/reboot-archive?post=488250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}