Planning is key and the business plan should be the “planning” bible.

The plan should consider scenarios and research the market and other relevant information.

An effective business plan should:

1) act as a “Roadmap” to guide the development of the business

and 2) offer you a “Benchmark” to measure each decision of the business.

ABOUT TIPS FOR START UPS

This tip is a part of our series: 'Want To Grow A Thriving Business? 30 Incredibly Useful Financial, Communications and Legal Tips For Start Ups' brought to you by our great partners in collaboration with our own team:

Carr Communications contributed a series of 10 Tuesday Tips on Communication,

Gore&Grimes contributed a series of 10 Thursday Legal Tidings,

And our own Cooney Carey team contributed a series of 10 tips called Wednesday Financial Wisdom.

SHARING IS CARING

We hope you will find these tips useful. If you do, please share them with other businesses.

ANY QUESTIONS

We are always happy to help. Please post your comment below or call our friendly team on (01) 677 9000.