Everyone who starts a business has every intention of being successful, however, enthusiasm is only one of the vital prerequisites for success, and the stark reality is that many new businesses fail within the first year and OVER 50% fail to survive beyond the third year.
The reasons for failure vary from inadequate planning and market research, ineffective strategy and/or implementation, cash-flow difficulties or a combination of such factors pertaining to management and leadership. Another serious cause of failure which has impacted even former major global corporations such as Woolworths PLC, Xerox and Kodak, is the inability to sustain a competitive advantage, which is absolutely fundamental in today's rapidly changing competitive commercial environment.
At IBC, we have extensive expertise in all aspects of business management and leadership to ensure that thorough planning from the outset and throughout the development of your business will help provide you with the foundation to not only achieve success but to continue to effectively manage growth and remain one step ahead of your competition, not one step behind.
Is your Start-Up in difficulty?
If you are in the position of having started your business but now find you are in difficulty, we may be able to provide vital assistance. With our focused, analytical and empathetic approach, we can undertake a prompt, comprehensive appraisal in order to provide critical advice and help determine an appropriate, effective strategy. Critically, a potentially successful strategy will fail unless it is implemented effectively, and at IBC, we can help achieve this objective.
For businesses experiencing cash-flow difficulties (which can often arise when expansion is too rapid) and if funding options have been exhausted but the business is otherwise perfectly viable, then our management team has expertise in successfully implementing a Company Voluntary Arrangement (CVA), in conjunction with experienced insolvency practioners, a much better alternative to Administration or Liquidation.
Once we have helped to get your business back on-track, we can provide on-going, inspirational support to help ensure that you remain successful. However, to maximise the potential for survival, time is of the essence and it is essential to take immediate, decisive action.
For an initial exploratory discussion in strictest confidence and without any obligation or cost, please email us today at:
info@inspiredbusinessconsultants.com
or call us now on 0330 057 1959.