Business Start up FREE Advice

Business Free Start-Up Advice

You’ve had an idea; you’re onto something you say to yourself. You bore your partner for hours telling them about how you’re going to revolutionise your trade and how ‘one day we will be millionaires!’ This excitement is electric and I am sure you’re walking on water. But business is not always about the great ideas, as without proper business sense your ideas may not come to fruition which would be the greatest shame and I ask you to consider the following:

1. The Next Step: The idea is there but will you need a business plan? What are the implications of being limited and sole-trader? Will you need a website to generate more potential customers? Do you need a solicitor? Do you need an accountant? Do you need staff? What about VAT and PAYE? Do I need advertising?

2. Money Matters: Will you need finance, funding or investors? What about your personal financial position? Which bank? Which

agreement? Is your bank asking you to sign a personal guarantee?

3. Worse Case Scenario: What happens if one of my customers goes into liquidation owing me money? What if an extraordinary circumstance harms my cash flow? Will my home be affected?

Consider the above, do you feel daunted by how much you have to consider? Don’t be, take a deep breath and realise that anyone can run their own business as long as all angles are considered.

Starting a business can be a very difficult time and very expensive.

Some of the question's you should be asking yourself.

What do you do next ?

What is my business model?

What is my exit strategy?

What about staff?

What about my Web Presence?

What are the legal implications and financial ones of picking the staff?

What about VAT?

What about PAYE?

What about an accountant?

Why you should have a "chartered" "Qualified" accountant and not a book-keeper!

What about a Solicitor?

Who can help with a Business Plan?

Do I need a Business Plan?

What about funding?

What risks are there to my family and home?

What if things go wrong? (which they will! thats the very nature of being in business).

What help is there?

What can the banks do to help?

Should I trade as a Sole Trader or Limited Company?

Where can I go to get total FREE impartial advice?

Does Networking really help me, or, just the people organising the Networking event?

What about advertising?

Whats a company doctor?

What is a business mentor? do I need one? and how do I get one.

Always always remember a wise person always seeks advice before the problems arise, forearmed is forewarned