We know that when you have an idea for a new product or service, the impulse is to share it with the world as soon as possible.
However, the fact is that in the UK one in three new businesses ceases to trade within three years and, after ten years, only one in five is still in business.
We have actively supported start up companies over many years (please refer to our Business start-up section including the Business start-up calculator). Working with these new businesses as they grow and succeed continues to be a source of great satisfaction to us.
In our experience, start ups are more likely to be successful when realistic financial targets have been set, budgets established, and initial performance is closely monitored in line with these estimates.
We can assist by preparing a business plan, cash flow projections, budgets and trading forecasts – often required by banks and other potential investors.
Your business plan must be exciting but credible, with clearly identified customer benefits and evidence of growth and prospects. An executive summary is vital, clearly summarising your financial objectives, the business idea, and be soundly supported by reliable financial information.
We are well placed to help you develop your plan and have considerable experience in the owner managed business sector. The financial aspects are the backbone to any business plan and we will work with you to make sure that these have been rigorously prepared.
Contact Hobsons today to discuss how he we can help you with this key stage in your business development.