Failing to plan is planning to fail! Research shows that 50% of start-ups fail within five years, so it’s not surprising to learn that only 15% of new businesses have a detailed business plan. With such a high probability of failure in the first five years, we urge you not to take a gamble on your business. It’s just not worth the risk.
So, if you are starting a new business or want to give your existing business a new direction, you need a detailed business plan. It can help get you and your team focused on what matters. A business plan is a clear blueprint for achieving your goals and provides a map for the future vision of your business.
Unlock the full potential of your business with Waterford Accountants’ expert services. Begin with our straightforward ‘One Page Business Plan’ and advance to the comprehensive ‘Business Life Plan’. We can help you to refocus on developing growth, profit and liquidity and obtain a new view of the business.
Take the time as a business owner and team to pinpoint goals, challenges, competitors, and significant strengths. This process will help you develop your products, infrastructure, and human resources.