The most important advice for business start ups is to begin with exploring and defining your business goals. Once these are clearly defined, you can put a business plan in place that shows exactly where you are going and why.
Your business plan should outline the strategy and actions required to achieve the goals. Don't include all the detail in the plan, leave the specifics for operational or marketing plans.
Apart from describing your products and services, defining your target market, competition and how you aim to position your product or service in the market place, you also need to look at management and personnel, the capacity and efficiency of your operations, management information systems and forecasts for profitability, working capital and cashflow.
By getting to know you and your business, we can help you to develop clear and measurable objectives for your first five years, discovering and building on your strengths whilst identifying and overcoming your weaknesses. Our Business Strategy Group provides tailor made strategic planning sessions for start ups to:
- Help you to identify those areas in your business that could hold you back
- Discuss the options available to you
- Give innovative advice on the best course of action
Best of all, our focus on detailed and effective action planning means that you will receive support and guidance to help you implement your first strategies, ultimately leading to you realising your aspirations.
Benefits of strategic planning include:
- Greater control over your future
- Higher return on your investment / increased revenue
- Improved team morale and productivity
- Greater foresight
- Quicker reactions to external events
To read more about our business strategy services click here.
All of our Partners have a wealth of experience working with a mix of commercial and regulated clients - from new start-ups to multi-million pound businesses. If you're looking for an adviser specialising in a specific sector, or someone close to where you are, please search by sector or office here.