Long Term Business Strategy

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The Office For National Statistics (ONS) reported that just 41% of businesses started in 2009 were still trading in 2014. This means that 59% of businesses closed within five years of starting.

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:

  • Prepare a three-year financial forecast to help translate your business objectives into financial targets
  • Facilitate a strategy away day – a great way of getting your head out of the day to day business and spending some quality time thinking about the way forward.
  • Prepare a SWOT analysis specific to your business

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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