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ENGLEMAN WILLS + POWERS OF ATTORNEY + PROBATE + EQUITY RELEASE 01268 761022 / 07901 948745

Starting a Business

 

CALL MARTIN ENGLEMAN FOR ADVICE OR A SPEAKER ON STARTING A BUSINESS

01268 761022

 

If you are thinking of or in the process of starting a business, the following is an excellent checklist for all the steps you need to take:

  1. Consult a Business Advisor
  2. Appoint an Accountant
  3. Join a business support organisation, eg the Forum of Private Business or the Federation of Small Businesses
  4. Formulate a business plan
  5. Generate an 18 month cash-flow projection
  6. Create a marketing plan and ideal customer profile and geography
  7. Obtain funding
  8. Research availability of business grants
  9. Formulate staffing requirements
  10. Review employment law compliance
  11. Consider employing an apprentice
  12. Establish legal status of business, eg sole trader/partnership or limited company
  13. Register your new business with HMRC 
  14. Register your new business re Data Protection Act
  15. Research and establish premises and/or serviced offices
  16. Research and complete business insurance cover
  17. Review your personal insurance cover
  18. Review your credit card providers
  19. Establish business premises
  20. Install premises equipment
  21. Install communications, IT and accounting platforms
  22. Arrange Health & Safety survey
  23. Arrange Fire Safety survey
  24. Beware Performing Rights Society music licence required for music on premises
  25. Select vehicles and method of financing
  26. Design business stationery
  27. Design marketing and product literature
  28. Consult a Social Media expert 
  29. Create a website
  30. Establish lines of supply from your goods and services providers
  31. Establish pricing of your product
  32. Publicise and launch 1st day of trading
  33. Marry your secretary......
  34. Track bank account balance daily
  35. Requisition and analyse monthly management accounts
  36. Keep in regular touch with your Business Advisor, Accountant, Bank Manager and IFA
  37. Beware calls from advertising reps !
  38. Don't stop local networking..... it works !
  39. Manage your daily tasks with a 'dashboard' spreadsheet
  40. Organise your Will click and Life Assurance
  41. Never give up ! 

    

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 CALL MARTIN ENGLEMAN FOR ADVICE OR A SPEAKER ON STARTING A BUSINESS

01268 761022

 

Engleman Wills + Powers of Attorney + Probate + Equity Release

 On behalf of APS Legal & Associates Ltd, Head office: Worksop Turbine Innovation Centre, Shireoaks Triangle Business Park, Coach Close, Worksop, Nottinghamshire, S81 8AP

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