Thinking of Starting a Business
27 November 2018
If you have a bright idea and have spotted a gap in the market, you will want to give your new business the best chance of survival.
Have a read of our 'Starting a Business' leaflet for some pointers:
- Testing your idea - conduct market research to find out more about your competition and fine-tune your ideal customer
- Select a business structure - are you going to be a sole trader, going to be in a partnership or thinking of incorporating as a limited company
- Write a business plan - helps sell your idea to banks/investors and also enables you to think through every detail and plan for different eventualities
- Managing your business - consider business insurance, short and medium-term goals, sales forecasts, profit/loss forecasts, dealing with late payments, stock control, paying tax and taking advantage of any tax reliefs and allowances
Get in touch with us if you need advice on a business start-up or if you are newly in business. We can ensure your business is as tax-efficient as possible.