Business essentials

Creating a solid foundation for your business may be the key to your success. It is important to consider more than just your goods or services when running a business.

Running a business is more than just providing your goods or services. Finance management, marketing, employee management, conducting business overseas including import and export management, licences and legal requirements amongst other things, play a part.

A solid business plan pulls these parts together, providing you with the foundation and structure that can guide you through the management and operations of your business. Business plans also act as a blueprint for you and any employees to keep track of and meet your business goals. If you are seeking finance for your business, it is usual for financial institutions to request your business plan, as it provides insight into the likelihood that the loan will be repaid.

Below are items to consider when running your business and to include in your business plan.

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