Business Plan – Starting up a Company

Deciding to start up a company is an exciting time, and starts with a great vision. Successful companies start with a comprehensive business plan, including:

  • Market analysis – What products or services the company will offer and what are the likely sales, turnover and competition within the market (market share).
  • Cost analysis – How much will it cost to produce your goods or services
  • Advertising & Target Markets – What are the most effective advertising mediums for companies in your industry. What is your advertising budget and who is most likely to purchase your goods and services.
  • Company Structure – How will the company be structure, what types of employees will you hire and what management style is the company looking to create.
  • Financial Planning & Goal Setting – What are the companies short, medium and long term goals for financial performance, market share, business size and how will these be funded.

There are a lot of different elements to consider when setting up a company, so a detailed plan is essential for the success of your business.

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