Understand the importance of business planning, including how to develop a business plan, marketing plan, protecting your intellectual property, and planning for emergencies and succession planning of your business.
Starting your own business can be an exciting but daunting time. To make sure you get off on the right foot, it’s important to plan properly and find out what’s involved.
Understand the difference between a business or a hobby. Deciding if you are a business or hobby can affect your taxation, licensing and insurance requirements so it's important to get it right.
Business plans can help develop your strategies to achieve your business goals, secure finance and define the direction of your business. Business Plan Template and Guide.
It is important to prepare a business plan when starting or growing your business and review it regularly to keep it up to date.
Nobody likes to think about it, but it's inevitable that one day you'll leave your business. Whether you decide to sell up, retire or leave due to health reasons, it's important that you plan for that day. A succession (or exit) plan outlines who will take over your business when you leave.
There are a number of factors to consider when selling your business, one of the most important being how much you would like to sell your business for.
Our guides can help you with starting a business. Whether you're just thinking about it or you're ready to start, we can guide you every step of the way.
Valuing your business is an important step when selling or exiting your business, as it can help you decide on the selling price. Find out what you need to do to value your business and some useful methods to help calculate your value.
The decision to close a business is usually due to one of two reasons, you no longer want to run the business and have no one to pass it onto or the business is not making enough money to keep going. Whatever your reasons, closing your business can take time, depending on its size and complexity.