Nobody starts a business with the intention of failing, but the facts indicate that quite a few new businesses fail within the first 2 years. This is startling, why should this be? The following are some of the more common reasons. A Man With a Plan Every business should have a business plan, to show it …
I don’t think anyone will deny that the business environment is tough at the moment. Our immediate experience is that the two areas that have suffered over the last 4 years have been retailers and anyone working in the construction industry. Retailers are finding it difficult because people are less inclined to spend their …
We come across a lot of businesses and the vast majority don’t have a business plan. This is simply a document which summarises your business and critically examines the various components – finances, markets, customers, products, processes, etc.. Many business owners have some kind of plan or idea in their heads about how they …