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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:

  1. Company description:
    1. Main product or service
    2. Business goals
  2. Structuring your start-up:
    1. Legal entity
    2. Subsidiaries where required
  3. Financial forecasting:
    1. Costs
    2. Projected revenue
    3. Market analysis
  4. Research and development and business assets
  5. Intellectual property rights over products and ideas
  6. Key people and retention plans
  7. Marketing and sales
  8. Tax planning

The RDJ Startups Guide

Startups GuideChoosing the right business Vehicle

What kind of company should you form? As a new venture, it's vitally important that you choose the right business structure.

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Startups GuideFinancing your startup

Funding is a critically important topic for all new startups. Learn about the options available for financing your business idea.

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Startups GuideTAX

Just like any business, a startup needs to pay its taxes. Getting tax advice as early as possible can avoid problems down the road.

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Startups GuideIntellectual Property

For the vast majority of knowledge-based startups, intellectual property (“IP”) is the business’s most important asset.

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Startups GuideKey Contracts

Once a new company has been formed, a number of key legal agreements and documents must be put in place.

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We produce solutions for our clients based on our experience and knowledge...

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.

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