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Starting your own business can be a daunting experience especially when you have never done so before and have limited funding or expertise in the industry. There are a number of factors that need to be carefully studied prior to any decision being made even at the initial stages of choosing a location. A good restaurant owner, will identify a niche in the market and attempt to exploit that niche to their best advantage whilst providing high quality. This is the tactic I have used with may of my clients who often approach me to identify suitable locations for their next ventures. A prime example would be Ginos Dial a Pizza which only started 3 years a go with 1 branch and has now expanded to 4 (on to the 5th by the end of the year with  the addition of Wolverhampton) but also Salathong, who were successful in Cambridge…

Do you want to expand your business, be more competitive in your industry or achieve certain goals? If you answered yes to any of the above, you need a business plan! Whether you’ve just started out or been running for years, business planning can be the key to your success. We’ve laid out the key reasons why you need to get started on your business plan today: Can you think of any other reasons a Business Plan is crucial ? Is there any of the items above you disagree with ? I’d love to hear your thoughts in the comments section below or simply feel free to click here to arrange a FREE Consultancy meeting, send me an email at Nick@CFMGroup.co.uk or Follow me below on Facebook, Twitter, LinkedIn and Instagram