Documenting a business plan early on forces a start-up to deal with all aspects of its business and help to provide direction.
A thorough business plan is an essential tool in the context of presenting your idea to potential business partners and finance providers. With a clear business plan, potential business partners and finance providers can make informed decisions and evaluate potential for success as well as risks. A good business plan typically leads its reader to consider the opportunity more closely.
A good business plan will not guarantee success. However, it will give third parties an insight into your drive, ambition and your ability to fully realise the start-up’s potential. So give your business plan the time and effort it deserves.
As each business is different there is no catchall business plan. Nonetheless, Ronan Daly Jermyn advise start-ups to consider the following in their business plan:
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Funding is a critically important topic for all new startups. Learn about the options available for financing your business idea.Read More
Just like any business, a startup needs to pay its taxes. Getting tax advice as early as possible can avoid problems down the road.Read More
For the vast majority of knowledge-based startups, intellectual property (“IP”) is the business’s most important asset.Read More
Once a new company has been formed, a number of key legal agreements and documents must be put in place.Read More
Ronan Daly Jermyn regularly hosts events and workshops with a focus on education, mentorship and networking. Topics of discussion include early stage financing, licensing, contracts, employment and tax issues.Learn more
Blockchain is a distributed decentralised ledger which can facilitate secure transactions.Read More
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The Network Information Systems Directive potentially impacts on their service providers.Read More
Read how GDPR interacts with the current e-privacy laws and how laws apply to online tracking technologies.Read More
The European Commission is creating a legal framework to help the EU become the world leader in robotics.Read More
RDJ participate in annual American Chamber of Commerce Future Leaders’ HackathonRead More
CNIL,the French data protection authority, ordered Google to pay a fine of €50 million based on a violation of the GDPRRead More
The Luas was recently targeted in a cyber attack which affected the personal data of over 3,000 Luas website users.Read More