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:
- Consult a Business Advisor
- Appoint an Accountant
- Join a business support organisation, eg the Federation of Small Businesses
- Formulate a business plan
- Generate an 18 month cash-flow projection
- Create a marketing plan and ideal customer profile and geography
- Obtain funding
- Research availability of business grants
- Formulate staffing requirements
- Review employment law compliance
- Consider employing an apprentice
- Establish legal status of business, eg sole trader/partnership or limited company
- Register your new business with HMRC
- Register your new business re Data Protection Act
- Register your new business with the Information Commissioner’s Office (ICO)
- Establish GDPR protocol
- Research and establish premises and/or serviced offices
- Research and complete business insurance cover
- Review your personal insurance cover
- Review your credit card providers
- Establish business premises
- Install premises equipment
- Install communications, IT and accounting platforms
- Arrange Health & Safety survey
- Arrange Fire Safety survey
- Beware Performing Rights Society music licence required for music on premises
- Select vehicles and method of financing
- Design business stationery
- Design marketing and product literature
- Consult a Social Media expert
- Create a website
- Establish lines of supply from your goods and services providers
- Establish pricing of your product
- Publicise and launch 1st day of trading
- Marry your secretary……
- Track bank account balance daily
- Requisition and analyse monthly management accounts
- Keep in regular touch with your Business Advisor, Accountant, Bank Manager and IFA
- Beware calls from advertising reps !
- Don’t stop local networking….. it works !
- Attend local business exhibitions
- Manage your daily tasks with a ‘dashboard’ spreadsheet
- Organise your Will click and Life Assurance
- Never give up !
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
APS Legal & Associates is a member of the Institute of Professional Willwriters
APS Legal & Associates complies with the Trading Standards Institute Approved IPW Code of Practice
Click on logo above for link to IPW website
