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New Business Start-up TIPS:

Starting up in Business

Highlight your end goals and structure how you want to accomplish them. Build a business plan.

Getting a Decent Start

Having the correct systems, controls and procedures in place can help new business start-ups remain in control of your business plan and manage the business' cash-flow effectively.

Help Secure Investment

To boost market value or convince stakeholders of the potential future performance you need to have a framework that measures the value of your employees.

Networking

Networking is vital to business relationship building. From the onset start thinking about what networking activities you will perform.

Marketing

Marketing is important for any business. Spend time researching what marketing strategies you want to implement for your business and try to save money where possible. Shop around.

Make Good First Impressions

Research has showed that most customers prefer to be greeted by their full name. Note though that not all people feel this way but a professional approach is essential.

Boost Sales in a Downturn

Take advantage of any downturn in the market by going back to basics and boost your performance whilst your competitors remain in a struggle.

Learn from Complaints

Every company will receive a complaint at some point and handling them correctly can prove valuable, but only if you structure how to deal with them in the first place. Companies that have planned how to handle them and succeed at this can gain customers and also retain staff.

Road-Test Your Business

With the majority of new business ventures failing, it's not surprising many would-be entrepreneurs are put off starting up. The trick is to be prepared to ask some tough questions while retaining the confidence to go for it.

Debt Chasing

£30,000 is the average amount owed by customers to small businesses. This figure would cause 3 out of 10 businesses to fail if this occurred. Think about the steps you will take in order to keep your debtors list to a minimum

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"The Advice provided by TaxSense Accountants has been invaluable in helping our business to grow"

F Graham - Guildford

 

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Starting up in Business?

New Business Start-ups

Many people have an ambition to run their own business. You may have been made redundant leaving you with free time and financial resources. Others might make the decision to start up in business to become independent and receive the financial rewards for the effort they put in.

A number of dangers exist. Probably the greatest danger to new businesses is the chance of business failure

To reduce the dangers and receive a guiding hand we have a team of dedicated professionals who will advise you and support you every step of the way.

All advice is supported by our in house dedicated accountancy firm TaxSense Accountants.

Starting up in anything can be nerve-racking... Let alone if it's something you have little understanding about, getting you to a point where you understand what the key elements are in succeeding. Getting you there is what we specialise in and we want to help you all the way.

What we've created to get you on your way is an information pack just below, whether you are;

  • A younger person wanting to know all the ins and outs of the starting up process
  • Or an older person determined to succeed the business start-up

There are many rules to consider when planning or starting up your own business. To make the planning process more understandable, the simple rules are put into place for you to grasp the main elements of what should be included in a business plan.

Although business planning is time consuming and tends to be especially detailed to your company's requirements. To enhance the endless possibilities of your business's success, it is highly important to keep sight of the basic rules:

Your new business idea should have all the factors of uniqueness for example it should be existing as the sole example, offer something that verifies under either what people need or want.

The Market: Every market entails something unique; there may be a gap in the market for your new product, but before closing that gap you MUST identify if the gap is there for a reason for the only reason that consumers don't have a need for it.

Many people have the ability to create a new idea, but it takes experience and knowledge to put that idea into practice. Taxsense can give you the tailored advice, which will help you see sense and have your business plan to where it needs to be.

More importantly, we would advise that your chosen desired product or service is a preferred passion of yours. If this is the case it will make the process of your journey much more enjoyable as your expertise will be strengthened.

Every successful business is built upon someone's passion. Think we should keep this.

All of this "hard thinking" and dedication can be delivered by us to you, at your pace and your conditions.

Planning Business Success

In Summary


All process elements including spreadsheets, mission statements and planning templates are all important tools to the creation of new business creation and development. They don't determine success although they enable the business to be properly structured so it can start the hopeful outcome of success.

Business success is determined by deeper factors.

The success of a business depends on a lot of different things; one of the main things is creating and keeping a sort of harmony within the relationships of the business. As it helps the flow of communication between colleagues and has a huge advantage over a business which contains tensions and competing pressures.

How do I take this theory and put it into practice?


To survive at a basic level in the business world you and your business need to hold the main factors such as, reliability, value and quality. Uniqueness and passion are what we call the remaining special ingredients which are needed to enable your journey to success at the top end of the business environment.

Things you may need or might like to know about...

Click 'read more' to view our Initial Considerations for New Business Start-ups:



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NewBiz Startup - New Business Start-up, Business Advice, Starting up in Business?