Last Updated on Apr 3, 2020 by James W
If you were looking for the appropriate time to freak out a little bit, it would be now. It’s quite possible that you’ve ditched your stable job to embark on your journey into the unknown and variable ridden world owning a business; that’s scary. That being said, take comfort in knowing that you’re doing your due diligence in researching how to go about creating a fully functioning business. When in the stage of genesis you’ll receive a lot of unsolicited comments from over eager friends and family on how to build a sustainable company. During this nascent period you’ll have to only heed advice that’s essential to new business owners. Here are a few things that you’ll need to consider before you’re off and running.
Registering Your Business
Sadly, you can’t willy nilly start a business on a whim. Papers must be filled out and documents signed. One of these documents pertains to how you’ll be registering your company. The three most popular forms of registry are as a sole trader, limited company, or as a partnership. Which type of company yours will be should be one of the first things you consider when starting a company, as they will significantly impact how you operate.
Couriers
No matter what type of business you run you’ll most likely need a courier at some point. Couriers are those oft-overlooked unsung heroes of business that make everything run behind the scenes. Whether you need something shipped out or in, a good pallet courier is invaluable. When shopping around for a courier ask about their radius of delivery, speed, delivery times, and of course cost. Couriers act as extensions of your business and are vital to functioning as a well-oiled company.
Start-Up Finances
One of the first thoughts you probably had when ruminating on start-up obstacles is how you’ll track down enough funds to get started. Perhaps you’ve got everything figured out and are in prime position to get started. No matter how prepared you may feel, you’re bound to run into an unexpected hurdle down the road. One of the first places -apart from your bank account- to look for a helpful handout is the gov.uk. Government provided finance can be found in the form of grants, loans, consultancy, and funding. Once you’ve tapped whatever resources the government will offer it’s time to find investors. Start out within inner circles and work your way out. If you’re still in need of cash -which you will be- it’s time to take a jaunt on down to your bank.
Prioritize and Focus
When you’re just starting out you’ll feel like your to-do list is forever expanding. Avoid feeling bogged down by focusing on one goal at a time. Only focus on the essentials in the beginning.
