Your business may be sailing along quite nicely, or it may be struggling with the effects of shortages, rising prices and an energy crisis.

In both cases could be time to step back and reflect on where you are, develop what has worked and abandon methods that don’t.

It is time to plan out a strategy for the long term. It could be a one-year or five-year plan that considers:

• Where the company is heading
• What you hope to achieve
• The challenges you anticipate along the way
• What investment will be necessary
• The people, technology and skills required to achieve your goals.

Within this plan, you will need to consider commercial guidance and tailored business planning, including funding, financial management, advice on succession planning, your business structure and strategy and of course financial reporting.

You make take pride in how you run your business, but it makes sense to enlist professional support. That advice can save you money and help plan for future growth.