07 April 2017
The world is full of people who believe they’ve come up with a brilliant start-up business idea. But does your concept have what it takes to go the distance? Is your business idea roadworthy and capable of helping you meet the core goals you’ve set for yourself?
In the same way that we’re told we all have a novel inside us, we probably all have a great commercial idea knocking around in our grey matter somewhere. But when you do have this eureka moment, and your idea for a business pops into your head, what happens next?
And how do you make sure this business becomes a success?
For many start-ups, freelancers and sole trader businesses, the first few months of their business journey usually go something like this:
It’s an all-to-common story for newbie business owners. And it’s something we see see a lot of here at FD Works – the aspirational, would-be entrepreneur who hasn’t quite done the research, analysis and scenario testing of their business idea.
So, what do we do to help?
It’s pretty simple, really. We put your business through a road test.
Let’s take that car analogy a little further.
If you had come up with the idea for brand new kind of car – a concept car, if you will – you wouldn’t go straight from the drawing board to haring round Brands Hatch in it without any testing in between, would you?
Starting to drive too early in this unfamiliar, untested and unroadworthy concept car is a one-way ticket to disaster. And, similarly, if you do the same with your new business, you won’t be too surprised when the wheels come off.
In our experience, a large number of businesses – even established companies with years of trading under their belt – just aren’t roadworthy.
In short, you can end up behind the wheel of a business that you’re barely in control of. And one that could crash and burn at any time.
At FD Works, we know that the key to long-term success is to define the underlying concept of your new business idea early.
And, in essence, by sitting down with our clients early, this is what we do. We build a concept model of your business.
So, when you become our start-up or established business client, you come out of this planning and modelling session with a business that’s ready to trade, ready to react to a changing market, ready to act on commercial opportunities and – importantly – actually turns enough profit to fund your growth plans.
If you’re reading this and thinking that this unprepared business sounds a lot like your company, don’t despair. You’re not alone in being a small business that’s started off the business cycle without the right amount of planning and preparation.
And it’s never too late to change. At base level, most business issues are quite simple to resolve, if you break down your business model and identify the problems… and the causes.
We’re a forward-looking accountancy firm located between Bristol and Bath. We work with aspiring startups, ambitious scaleups and established firms, identifying the drivers for growth and empowering business owners to make bold decisions.
Book your business in for a road test and we'll soon have you back on the road to success; faster, more fuel-efficient and with a full tank of cash fuel (Go Faster stripes are optional...)Contact us