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| It is the ambition of many people to run their own business. In order to make the business a success there are a number of factors which should be considered:
Commitment - starting a business is demanding. Determination and enthusiasm are essential.
Skills - managerial, financial, technical and marketing skills will be needed.
Tested market - the product or service should have a proven or tested market.
Business plan and cashflow projections
For your own benefit and especially if you need financial support, a business plan and cashflow projections will be required. We can help you:
Set out in concise and easily read form the direction your new business will take
Detail your past experience and achievements which will benefit the new business
Explain the reasons why the financial support is required
Draft a full and detailed business plan
Prepare the cashflow projections.
We can also help you, where appropriate - find the right bank, introduce you to a finance company and consider the benefits of leasing vehicles and equipment.
Books and records
All businesses need to keep records. They can be maintained manually or may be computerised. We have a team dedicated to providing training and support on computerised systems.
Business structure
There are three common types of business structure:
Sole trader
Partnership
Limited company.
We can help you:
Understand the different forms of trading and relevant responsibilities
Structure your business in the most tax efficient way.
Other areas
We can help you with:
Your own tax liabilities and national insurance
VAT registration
Wages, national insurance and PAYE
Insurance cover, pensions and other legislation
Business expansion.
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| | | | | | To request your free copy as a pdf (or hard copy) please forward the following details to: jdh@lovewell-blake.co.uk
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