Whether you are sitting on an awesome business idea, have ambitions to be a successful entrepreneur or would just love to be your own boss, everyone has to start somewhere.
Starting a business is an exciting time but there is certainly a lot to think about.
The first steps
As well as conducting market research and creating your product or service, you will need to decide what you are going to call your business and how you are going to structure your business.
Another important consideration is how you are going to attract clients – what makes you stand out from the crowd aka what is your unique selling point or USP?
Taking the plunge
You don’t have to jump straight into the deep end when starting a business.
You could start part-time or even in your spare time and take time to build your client base and reputation.
You can also save money by working from home, sharing an office with like-minded people, or if your cashflow permits, you can rent a separate business premises, such as an office space or a warehouse depending on your business needs.
It’s all about making the right choices to maximise the resources you have available including your money, energy and business contacts.
Check out FREE online business resources
There is a wealth of information online around starting a business, in fact there’s a whole area dedicated to it in our help and advice hub.
Another great source of free advice is to search for small business or startup events and trade shows in your local area. These type of events give you the opportunity to network, identify new suppliers and even pitch your business to potential investors. They are also often good fun and inspirational!
Key considerations when starting a business
Our free guide to starting a business can be downloaded by clicking the link at the top of this page.
The guide explores some of the key considerations facing startups, including:
- Your business idea and plan
- Structuring your business
- Startup finance options
- Appointing an accountant
- What insurances you’ll need
Worry less about your accounts
Anyone who has been in the position of starting a business will tell you that there scarcely seems to be enough hours in the day, or days in the week! That’s why sticking to your strengths is a great strategy.
If you are good with numbers then you can save on accounting costs, if you are not, we recommend appointing an accountant so that you can focus on winning new business – after all cash is king!
We’re here to help
We’ll help your business get off to the right start.
Get in touch with our friendly team for a free service consultation to discuss your accounting needs.
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