Should your business have a plan B?

SHOULD YOUR BUSINESS HAVE A PLAN B?

 

Having a plan B is always going to be an advantage as opposed to a detriment to your business. It is how you formulate that Plan B that is important.

 

When starting out in business, you need to ensure you have a clear directive. What is your business going to be? What are you offering? Who are you offering it to and at what price point?

 

This is where the true benefit of having a sound business plan comes into play. Putting all your business projections down on paper gives you an opportunity to see where additional secondary markets may lay. Or perhaps a secondary product or service offering your business can offer in phase two.

 

We would like to think more of your Plan B as future planning – as this allows you to give 100% focus and dedication into building your existing business, and provides additional income streams and growth opportunities to consider once you are up and running.

 

So, at the end of the day, start that business plan, get all of your ideas down on paper – then start to build.

Maitland

93 Lawes Street, East Maitland

P: 02 49 336 888

F: 02 49 330 684

Newcastle

Shop 8, 21 Merewether St, Newcastle

(Opposite the Crowne Plaza)

P: 02 4925 2094

Brisbane

Lvl 22, ‘Northbank Plaza’, 69 Ann St, Brisbane

P: 07 3112 5121

 

Sydney

Lvl 20, Tower A, ‘The Zenith’, 821 Pacific Highway, Chatswood

P: 02 8448 8160

Gold Coast

Lvl 13, 50 Cahill Ave, Surfers Paradise, Gold Coast

P:07 5635 4261

Melbourne

Lvl 39, 385 Bourke St, Melbourne

P:03 8459 2175

 

Postal Address
PO Box 2519, Green Hills, NSW 2323

gavin@bottrellaccounting.com.au

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