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:
What kind of company should you form? As a new venture, it's vitally important that you choose the right business structure.Read More
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
Teamwork.com won Cork Large Company of the Year for 2018 at the Cork Chamber Annual Dinner on February 2.Read More
Ireland is now a member of PEPPOL, a European network facilitating online procurement and e-invoicing.Read More
The European Commission's Directorate-General for Justice and Consumers published its Notice to Stakeholders.Read More
Children are provided a specific protection under the GDPR.Read More
Figures recently released show that the rate of new company formations in Ireland has increased 6.8% on 2016.Read More
You’ve decided to take a leap and become an employer. What do you need to think about when you’ve found an employee?Read More
The European Commission is seeking reforms in taxation systems within and outside the EURead More