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Accounting / February 24th 2017

Making a Success of Your Professional Service Company

On 30 January 2017 Wisteria celebrated its 15th birthday and over the years we have seen a number of professional service companies succeed from a start up to an established company. Throughout this period there are 5 recurring points that we have noticed with those that have succeeded: Fail to plan then plan to fail Emotion alone will not allow a business to succeed unless it is channelled in the right direction. A written business plan forces you to think realistically and objectively about what you are trying to achieve. The business plan will include assumptions and the strategies to success but should also be clear and easy to communicate with when dealing with individuals such as employees and potential investors. The plan should not be set in stone and should be reviewed constantly and when appropriate updated accordingly. (more…)

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