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Getting an enterprise off the ground is an achievement in itself. But how do you take your established business to the next level?
Statistics show that around 20 per cent of new businesses fail during the first two years with 45 per cent not making it to their five-year anniversary. So, why do so many business owners hit a roadblock when they try to move up a gear?
In our experience, it’s a lack of insightful business information that often leads to well-intentioned growth plans coming unravelled.
We work with business owners like you to put in place plans so that not your company not only survives but thrives long-term.
Our advice and support includes:
Building a strong foundation
There is no point in investing time and resources into a plan if the business doesn’t have the means or stability to succeed. We will review your current cash position, debts and capital expenses so that you have a greater appreciation of the viability of your expansion.
Review and reflect
Is there a gap in the market that you currently aren’t filling? Take time to test prices and approaches as you develop them to ensure they are having the desired outcomes. We will review your sales and financial figures, identifying strengths and weaknesses in your plan.
Innovate and diversify
To remain competitive, your business must continue to adapt and change to meet the needs of customers. We can help you identify new markets and identify funding opportunities to realise your growth ambitions.
Manage your costs
Costs are an important element of improving profit. We will help identify ways you may be able to reduce your overheads, be it through improvements to productivity, reduction of waste or the lowering of supplier costs.
Invest for future growth
Growing your business will often involve investing in new assets, such as equipment, vehicles, machinery or premises, but this can be costly. Finance is often the only viable way to fund such plans and we can advise on the best way to finance your growth plans including preparing management accounts or audits for business lenders.
Reduce your tax liabilities
Billions of pounds of unclaimed tax reliefs are missed by businesses each year, which could help to fund investment in new products, services and technology. Our experts can advise on the wide range of tax reliefs available to businesses, and company owners, to help boost your profitability and expansion plans.
Our experienced team are focused on offering a complete business advisory service, to help you make key decisions to take your company to the next level.