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Succession planning in family businesses
How to balance family relationships and business needs to draw up a fair, effective and tax-efficient exit strategy.
Create a successful family-business constitution
Using a written document to state principles and serve as a practical guide for conflict management and prevention
Financial forecasts for your business plan
What to include in your business sales, cashflow and profit and loss forecasts, including financial forecast examples.
Effective communication in family businesses
How to prevent misunderstanding and conflict arising by providing feedback mechanisms and involving advisers.
Tips for presenting your business plan
Tips for business plan presentation, such as appendices, proofreading and further advice and support.
Managing conflict in family businesses
Using family constitutions and encouraging good communication to manage conflict and channel it as a driver for change.
Download a business plan template
Free downloadable business plan template with tips and guidance to help you write a successful business plan.
Business plan: your operations
Information to include about how you will source, procure, create and deliver the goods or services you will be selling.
Identify how much money your start-up business will make
Concentrate on cashflow estimates in the first year, not expected profit, to help ensure your business stays afloat
Forecast your personal financial needs when starting a business
How to make a realistic assessment of your personal financial needs for the first year of your new business
Cut business costs to increase start-up cashflow
Some simple, common-sense steps to consider when trying to make significant start-up business cost savings
Alternative income sources for start-ups
How you can find other sources of income during the critical early days of running your start-up business
5 things to do before you start your business
Consider your business idea, business name, market research and how you will finance your business venture
Business mistakes: weak financial planning
Lack of capital, contingency plans and a reluctance to seek professional advice are all potential start-up problems
Franchise fees and royalties
Initial franchise fees help recover development and marketing costs while continuing royalties or mark-ups provide your profit.
Checklist: starting a social enterprise
A checklist of key questions you should consider to help you succeed when setting up a social enterprise
Potential problems when buying a business
Be aware of potential issues that may affect your purchase of an existing business.
Preparing to sell your business
Options for selling your business, making it attractive to purchasers and finding advisers.
Streamline your business operations when selling your business
Steps that reduce the risk for potential buyers of your business and can increase the price they are willing to pay.
Is selling my business the right exit strategy?
How your objectives as the owner and manager, and for the business itself can help determine the best exit route.