1 Review your business plan

Thomas Knight

Thomas Knight - Rising Stars Start-up adviser

Regular assessment of your business plan enables you to measure your progress and test your development strategy. Are you achieving your goals? Are you using your strengths to make the most of your opportunities? Reconsider where you want to be this time next year and decide how you’ll get there. If you have employees, involve them. Set new objectives and growth strategies, if necessary.

2 Refresh your offer

Are your products/services still as attractive as they were? How could you enhance them? Perhaps your competitors are leaving you behind. Conduct fresh market research. It doesn’t have to be expensive or complex. Simply chatting to customers can reveal a lot of valuable information. It might also be time to reassess your prices. Maybe you could even put them up.

More >