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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 a comprehensive 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 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. Register your new business with the Information Commissioner's Office (ICO)
  16. Establish GDPR protocol
  17. Research and establish premises and/or serviced offices
  18. Research and complete business insurance cover
  19. Review your personal insurance cover
  20. Review your credit card providers
  21. Establish business premises
  22. Install premises equipment
  23. Install communications, IT and accounting platforms
  24. Arrange Health & Safety survey
  25. Arrange Fire Safety survey
  26. Beware Performing Rights Society music licence required for music on premises
  27. Select vehicles and method of financing
  28. Design business stationery
  29. Design marketing and product literature
  30. Consult a Social Media expert 
  31. Create a website
  32. Establish lines of supply from your goods and services providers
  33. Establish pricing of your product
  34. Publicise and launch 1st day of trading
  35. Marry your secretary......
  36. Track bank account balance daily
  37. Requisition and analyse monthly management accounts
  38. Keep in regular touch with your Business Advisor, Accountant, Bank Manager and IFA
  39. Beware calls from advertising reps !
  40. Don't stop local networking..... it works !
  41. Attend local business exhibitions
  42. Manage your daily tasks with a 'dashboard' spreadsheet
  43. Organise your Will click and Life Assurance
  44. 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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