1) Prepare a realistic business plan.
Think of this as your business road map. Define exactly where you want to get to with your business and then you can effectively map out your path towards achieving your goals!
By creating a detailed business plan you should cover all options and eventualities and have a clear future vision that will guide you through the rest of the start-up processes.
2) Your business plan should encompass the financial considerations of starting your small or home based business:-
Do you have the capital required?
Do you need to raise additional funds?
Who are you going to approach for finance?
Who do you trust for advice?
And don't forget to open a business bank account?
3) Consider the legal implications of becoming a business owner and proprietor.
Are you better off as a sole trader, a limited company or are you considering a partnership?
Make sure you consider all the angles and protect yourself and your assets personally from the outset.
Anything you bring to the business has to be itemised, valued?even if you're a sole trader.
And make sure you are professionally covered with the appropriate business indemnity insurances.
4) Get your family and friends behind you from the get-go.
Make sure your family and friends are fully understanding and supportive of your ideas to venture into small business start-up.
Do they understand the level of commitment you will have to show for on-going and long term success?
Their belief in you and continued support of you will work wonders towards your on-going success, so don't forget to look out for them too.
5) Protect your family, protect your business.
If, God forbid, something were to happen to your health, how would your business survive, how would your family cope?
Consider insurances - from health, critical illness and income protection insurance to life insurance ? and consider your pension and long term financial security.
6) Face those 'taxing' questions from the start.
Your small or home based business has to consider its taxation situation.
Do you need to register your business for sales tax purposes; have you informed your tax office of your business's inauguration?
Do you have a good tax professional lined up to guide and assist you?
The bottom line when it comes to taxation is that from the outset you need to make sure your papers and books are in order, this will save you time, money and heart ache in the long run.
7) Prepare realistic and achievable goals and targets for your first year.
Do not expect to conquer the world with your first year's business returns.
Starting a business is a life changing undertaking and one you must be patient with. The rewards are there, but make sure you set yourself achievable targets ? when you reach them they will give you the confidence and satisfaction to set new goals and to continue building your business' success.
Rhiannon Williamson is a publisher with specialist knowledge covering literally every single aspect of moving & living abroad.
From setting up your own business abroad, offshore investment and offshore banking to international living and buying property abroad.
Check out her site shelter offshore to find out how you can escape from the rat race, relocate overseas, and profit from your move!
Culver prom limo ..Studies have proven that there is one reason why people... Read More
With today's technology and people's need for more information it... Read More
Viral Marketing is allowing people to giveaway and use your... Read More
You're busy with your business today, aren't you?You're pushing your... Read More
One way links will help you gain better rankings in... Read More
Hey, as hard as this may be for you to... Read More
For most business owners and entrepreneurs, preparing, and communicating the... Read More
Talking is the least important half of any conversation. Listening... Read More
Seven Questions to Improve Your Business, Your Relationships, and Your... Read More
Here are seven excellent ways to earn income from international... Read More
When sending mail to clients and potential clients, make your... Read More
Gas prices continue to go through the roof and increased... Read More
Having business partner or planning to start a business with... Read More
Rut -- a routine procedure, situation, or way... Read More
Did you know that there is one critical difference between... Read More
Business etiquette is essentially about building relationships with colleagues, clients... Read More
Looking for an old friend? Want to know if your... Read More
The number may seem grim for Web-based commerce. In 2004... Read More
Clarity is an absolutely essential ingredient for you to achieve... Read More
'Tis the season to give. And finding the right gift... Read More
Attraction marketing is about making a customer for life not... Read More
Many new coaches struggle to attract their first client. Often,... Read More
Have you ever found yourself having to scramble to organize... Read More
Do you plan events for the corporate world like product... Read More
In building and runnng an independent private practice or small... Read More
Wood Dale limo ..Buckling under the weight of chronic corporate restructuring, and frustrated... Read More
Gas prices continue to go through the roof and increased... Read More
What is a niche business? A niche business is one... Read More
Networking is probably the best way to build a profitable... Read More
Many people find it really hard to write for business... Read More
Authors/publishers are great at getting their books written. Entrepreneurs know... Read More
The following tips are from an article we contributed to... Read More
Whether you are self employed or you work for someone... Read More
So how do you eliminate your competition without bloodshed? You... Read More
There are many places you can get books, and I... Read More
The Internet is a fast growing medium, trancending the personal... Read More
Do you find great joy in being a coach? If... Read More
When sending mail to clients and potential clients, make your... Read More
Skilled workers of every age have prized their tools. I... Read More
Google is the pre-eminent search engine (SE) with no close... Read More
Do you know exactly what actions you need to do... Read More
The term "junk mail" is a well-known term. To... Read More
If you've been thinking of starting a business on the... Read More
Did you know that there is one critical difference between... Read More
Leadership, leadership development and leadership training are "Hot" issues in... Read More
Use the checklist below to make sure your article, tip,... Read More
From an employee's perspective, management often conducts itself in ways... Read More
I believe some people create and publish websites for the... Read More
Studies have proven that there is one reason why people... Read More
The number may seem grim for Web-based commerce. In 2004... Read More
Top Quick Tips |