Whatever the reason for these businesses closing (running out of cash, reducing demand for the product, retirement, business sale) the statistic presents a bleak outlook for those of us running a business today.
If you have a long term strategic plan it can help you make proactive decisions on its growth. Without one you’re more likely to be taking a short term view and simply going with the flow. The plan doesn’t have to be complex, but taking time out on a regular basis to think about the long term has to beneficial.
And a good business plan shouldn’t be stuck in a drawer gathering dust! It’s a live document that you refer to regularly to monitor your progress against plan.
We can help you develop your long term business strategy. We can:
Let us help you put a long term strategic plan together. Give us a call on 0131 220 0152 or send us an email – we’d love to have a chat.
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We are a team of award winning Chartered Management Accountants based in Edinburgh. Our handpicked 'A' Team are cloud accounting and tax specialists helping businesses and in the technology, professional services and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.
