Thinking of Starting a Business

27 November 2018

If you have a bright idea and have spotted a gap in the market, you will want to give your new business the best chance of survival.

Have a read of our 'Starting a Business' leaflet for some pointers:

• Testing your idea - conduct market research to find out more about your competition and fine-tune your ideal customer
• Select a business structure - are you going to be a sole trader, going to be in a partnership or thinking of incorporating as a limited company
• Write a business plan - helps sell your idea to banks/investors and also enables you to think through every detail and plan for different eventualities
• Managing your business - consider business insurance, short and medium-term goals, sales forecasts, profit/loss forecasts, dealing with late payments, stock control, paying tax and taking advantage of any tax reliefs and allowances

Get in touch with us if you need advice on a business start-up or if you are newly in business.  We can ensure your business is as tax-efficient as possible.