Growing a business
If you want your business to grow, the starting point is a spot of self analysis, to understand its current position.
You can then start to plan for growth. This may involve preparing a business plan and a strategic plan, and reviewing the structure of your business. You should assess your products and services, how you might increase sales, the implications of growth for your operations, management and staffing, and will also need to address your working capital requirements.
You should also consider your tax position. If you are spending money on premises, fixtures, equipment, goodwill, intellectual property, or research and development, many tax issues arise. They are generally better dealt with at the planning stage than after the event.
Growth usually involves financial strain. There may be grants – if there are, we can help you get them. But you may also need our advice on other sources of funding such as bank borrowing or invoice discounting. You may even need an injection of equity capital, from a business angel or venture capitalist.
If you obtain venture capital, for example, the financiers may well be looking for the company to float in a few years time. Alternatively, you may want to take you company directly to market.
