Small business confidence reached an all time high in the third quarter of this year according to the Federation of Small Businesses. For the first time since the report began, more established firms are looking to take on staff than reduce their workforce.
This is great news for enterprise in the UK, but are you prepared for your next phase of business growth? Have you taken stock and benchmarked your business lately? Has your business plan been reviewed in the last 12 months? We all start out with the best intentions, but as time goes on and the business continues to succeed, vital planning and growth tools can fall by the wayside.
Being prepared, i.e. analysing and planning will help your business to:
Secure finance
Without a solid, relevant business plan your chances of winning business finance are slim. You need to convince the lender, whoever they are, that your business is going in the right direction, growing and able to meet repayments.
Make informed decisions
As a business owner you will face tough decisions on a daily basis. If you understand your business inside out you will be able to make informed decisions, undoubtedly leading to better results.
Grow and prosper
Are you offering the same services as your competitors? Are your prices right? Doing your research allows you to make sure you stand out in competitive marketplaces, allowing you to grow and develop the business.
Business planning can seem daunting, but we can help you to get it right. A few hours spent carefully planning and analysing can make all the difference to your business’s ability to grow.
We specialise in offering expert business advice to help established businesses to grow and develop. Contact us today to find out more.