Development Stage

If your business idea is worth developing, the next step is to put together a business plan.

A good business plan is not a set-in-stone document; rather, it’s a constantly reviewed set of plans that ensures the business continues to fulfill its objectives and identifies both risks and forthcoming opportunities for strategic growth.

Review, identify, revisit, and set new milestones – this is how the ongoing planning process must work, and it’s worth bearing in mind that business plans are also a vital tool for convincing outside investors and funders to part with their cash if you need it to help to move to the next stage.

In this stage, we’ve found that entrepreneurs and new business leaders often need help from us to address the following questions:

  • Does this concept/product/idea fill a need in the market?
  • Will it be acceptable in the market in the form(s) in which we propose to deliver it?
  • How do I establish a business structure to deliver on the plan?
  • Does the idea need outside equity, grants, or other money to get it off the ground, and if so where can this be found?
  • Will the idea yield profit?

Contact us today to find out how we can help your business in the development stage. 

Development Stage

Make an enquiry today

I have read EFM Privacy Policy and am happy to be contacted