Setting Up Your Own Business - The Process And Pitfalls

SETTING UP YOUR OWN BUSINESS THE PROCESS AND PITFALLS BROUGHT TO YOU BY TENERIC.CO.UK CHECKLIST+ IN THE UK ALONE THERE ARE NEARLY 5 MILLION SMALL BUSINESSES (UNDER 500 EMPLOYEES) COMΞUP ΤITH ΑΝ IDEA 5. TAKE SOME LEGAL ADVICE .AND NEARLY 5Ø0,000 NEW COMPANIES THE FIRST THING FOR A SUCCESSFUL BUSINESS IS THE IDEA. WIT OU TΓ ΙΤ YOUR BUSINESS IS NOTHING. BUSINESS CAN BE A MIRE OF LEGALPROBLEMS, SO IT'S BEST TO MAKE SURE YOU'RE WELL SET UP SET UP ΕAC ΥΕΛΡ LEGALLY. TAKE SOME ADVICE TRYRUNNING IT PAST EITHER FROM A LOCAL COMPANY, OR FOR FREE FROM HMRC OR FROM FRIENDS AND FAMILY FIRST SMES EMPLOYED AN ESTIMATED 13.8 MILLION PEOPLE AND HAD AN ESTIMATED COMBINED - BUT M AKE SURE THEY'RE HONEST! BUSINESSLINK.GOV.UK ANNUAL TURNOVER OF £1,50Ø BILLION WRITE A BUSINESS PL AN 9, FIND PREMESIS AND STAFF HAVING A SOLID PLAN BEHIND THE BUSINESS YOUR OWN BUSINESS PREMESIS WILL ALLOW YOU HAVE A DEDICATED SPACE TO W ORK IN. LONDON HAS 748,Ø00 ENTERPRISES- MORE THAN ANY OTHER REGION ILL ENSURE ΤΗAT Υου HAVE B ENCHM ARKS AND TARGETS TO AIM FOR, AND THAT YOUR ALWAYS GOING IN THE RIGHT DIRECTION MANAGED PREMESIS ARE A GOOD OPTION FOR A FIRST START, AS ALL BILLS ARE USUALLY INCLUDED, MAKING IT EASY TO BUDGET REASONS TO BE FIND A MENTOR TO HELP SET UP PHONES & INTERNET SELF-EMPLOYED HAVING A MENTOR WHO PHONE LINES AND A PHYSICAL HAS EXPERIENCE IN THE ... ADDRESS ARE IMPORTANT * BE YOUR OWN BOSS BUSINESS WORLD IS FACTORS IN GIVING PEOPLE INVALUABLE. THEY CAN HELP M AKE SURE YOU CONFID ENCE IN YOUR BUSINESS. IF THEY KNOW THEY CAN EASILY GET HOLD OF YOU OR * USE YOUR OWN IDEAS MAKE THE MOST OF YOUR TIME AND RESOURCES VISIT YOUR PREMESIS THEY ARE MORE LIKELY T O USE YOU. * LOW START UP COSTS * WORK FROM HOME REGISTER WITH HMROC 8. SET UP A WEBSITE IN ORDER TO M AKE IT A WEBSITE IS AN ESSENTIAL * CHOOSE YOUR OWN STAFF OFFICIAL Yου HAΥE ΤΟ REGISTER WITH REVENUE AND CUSTOMS, AND DECIDE PART OF MODERN BUSINESS. IN THE FIRST MONTHS OF A BUSINESS YOU NEED TO DO ALL WHAT TYPE OF COMPANY YOU CAN TO INCREASE YOUR * SOME TAX BREAKS EXPOSURE, AND A WEBSITE ΥOULLBE. ΤHIS CAN ALLL BE DONE QUICKLY ONLINE. WITH A GOOD SEO BASE CAN DO AND ULTIMAT ELY.. JUST THAT FREED OM! SOURCES: FSB.ORG.UK, HMRC.GOV.UK