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According to Fund Squire, 20% of businesses in the UK fail in their first year of trading. And even more depressingly, approximately 60% go bust within their first 3 years. No one starts a business expecting to fail. But sadly, no amount of grit and determination can help you achieve your vision, unless you have the right tools for business success. And that’s where we come in.

Through working in partnership with our clients, we’ve helped numerous businesses to grow and flourish. By being actively involved, we’ve been able to implement key strategies to help them progress, leaving us in awe of their success.

So, what steps can you take to make your business healthier? We answer this question in today’s blog.

Have a solid business plan

Having a clear goal is a good start, but it won’t cut it in the long-run. Instead, build a solid plan that outlines both your goals and how you are going to get there.

Not only does this give you clarity on what is going on in your business now, but it provides clarity on the future and any decisions that need to be made.

Keep moving

(And no, we don’t mean literally!)

No business that has ever stayed still has succeeded! Look at Blockbuster. Back in the day, Blockbuster was at its absolute prime as the top video-rental company.

But, as the world moved forward, Blockbuster failed to keep up. And as steaming platforms continued their rise to the top, Blockbuster went bankrupt in 2010.

This is a prime example of how if your business does not continue to move forward with the times, it could cause your decline.

Identify areas for improvement

Here at Crisp Accountancy, we’re all about business success! Whether you’re a Solopreneur or you’re looking to Scale-Up, we have methods designed to fit you and your business. A key part of this is our latest initiative — our Tax Saving Scorecard.

Through just a few simple questions, we’ll generate a report detailing areas of your business that require improvement, and the strategies required to rectify them.

This is an entirely free resource designed to support you in becoming the best business that you can be. You can find it here: https://savetaxwithcrisp.scoreapp.com/

Of course, we are always available to support you and your business if you need us. If you want to find out more about how to grow your business, why not join our Facebook group? Click to find out more: https://www.facebook.com/groups/680127342588165

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