Choosing the right business structure will be key. You may wish to trade as a Sole Trader, a Partnership, Limited Company or a Limited Liability Partnership. Each structure will have benefits and disadvantages, and we will be happy to talk this over with you. Our initial appointment is free of charge.
Assuming external funding is necessary, planning is essential in achieving success. A well drawn up business plan not only crystallises in your own mind the nature of the project and the timing of any required funding, but is vital to any lending institution. They are unlikely to provide any assistance without a properly drawn up business plan.
A plan prepared by Noel Conn & Company will include details of:
- the objectives and aims of the business
- the purpose of the required funding
- the business ownership and history
- management and responsibilities
- products and market share
- sales plan and strategy
- the financial position of the business with detailed cash flow forecasts and past accounts.
The company is experienced in raising finance with agencies including Invest NI, Northern Ireland Tourist Board (NITB), and Industrial Research and Training Unit (IRTU). We recognise it is tough to raise capital with the banks. We are here to help.
