Guide to Developing Your Business

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Starting a business is arguably one of the most challenging, yet rewarding steps you can take in your career. If you’re thinking about becoming a limited company director, having a plan is key to your success.

How can I develop my business?

We’re more than just a contractor accountant. As well as providing you with a range of invaluable services, we’ve got your best interests at heart.

That’s why we’ve created our business development guide, to help your business grow, become more successful and profitable.

Our guide highlights some of the issues and decisions facing business owners. It also contains some of the insights and strategies for success that we’ve gained from our experience in helping and advising businesses.

What’s in the guide?

  • Strategy and planning – a five-point planning procedure to ensure you reach your goals.
  • Business tax planning – ensuring your plans include steps to minimise your tax liability.
  • Resource and operations management – from liaising with suppliers to looking after your employees.

  • Business financials – making sure you retain financial control over your business.
  • Sales and marketing – if you want your business to have a lasting impact, creating a strong brand is vital.
  • Exit planning – discover why a succession plan is important to you and your business.

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Your business financials

Tax and financial planning should not be left until the end of the financial year but should be carried out in advance.

It's also important to have a good understanding of cash flow, as cash flow projections can help you foresee and prepare for potential shortages and surpluses.

Using sales and marketing to develop your business

Sales and marketing are essential to your business development.

If you want to go the extra mile, you need to think about differentiating your brand from your competitors. Make your brand original, but take into account the principal qualities which represent your product or service.

Your brand should encapsulate everything you want your customers to think about your business.

Developing your business

Once you have established your business and are making a profit, it could be time to start looking at how you want your company to grow. This doesn't necessarily mean an increase in sales, you could recruit somebody or launch an additional service.

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If you have any questions about how to manage your limited company, we're on hand to help.

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