Make sure you choose the right adviser
We are experienced in providing support and guidance to businesses of all sizes. Our corporate team recognises that in many cases, this may be your first business venture and therefore we keep our advice and support jargon-free with a focus on practical assistance. As a long-established business offering professional advice, we have developed some excellent contacts in the region that can help new businesses.
Getting the right support
Setting up your own business can be one of the most exciting and daunting undertakings you will experience. We offer support and advice – before and after – to all our clients who are starting their own business.
Make sure you plan
Whatever type of business you set up, you should take time to prepare a business plan. Read our guide below to gain some useful tips on this. While it may seem obvious, you should test the market for your product or service before starting a business. Like everything in life, preparation is the key to success and if you do your homework properly, you will end up saving yourself a lot of time and money in the long run.
Set your budget
In our experience successful business owners know how to budget. In the early stages of starting a business, money is often tight and you may wish to consider outsourcing functions such as your telephone answering and book keeping. Home-working has also become increasingly popular and easier with new technology. See our outsourcing section for more information and to see how we may be able to help.
What form should your business take
From the legal perspective, you need to consider what form your business will take. Will you incorporate, will you operate as a sole trader or do you intend to enter into a partnership? Each business form is very different and you should take tax and legal advice on the most appropriate form.
Protect your brand
Also from a legal perspective, if your business model is based on an invention or the development (expression) of an idea, you should consider protection. Visit our intellectual property section for more information. Choosing the right name for your business is one of the most important decisions you will make. A distinctive name and logo can give you a huge competitive advantage for little cost.
Employing staff
Employing staff can be one of the most challenging aspects of running a business. When it goes well, good staff can really make a difference to your business, however when it goes wrong, a bad member of staff can cause severe damage. Visit our employing staff section for more information.
Contracting with your customer
No business would be successful if it did not have customers and contracting with your customers is one of the most important aspect of your business. We recognise that the contracting process must compliment the sales process, providing you with the protection you need whilst not deterring potential customers.
Business Property
Your business location is often critical and securing the right property on the right terms is important. If it is a retail premises, why not take advantage of our retail shop package where we have developed documents specific to this type of business at a competitive price. For more information contact our commercial property team.
Best of luck
Whatever type of business you are looking to start, we wish you the very best of luck. The team here admires the tenacity and courage of business owners and wishes to encourage that entrepreneurial spirit. If we can be of help in any way please feel free to contact us.
Why not drop in and see us? We have offices in Loughborough, Leicester and Market Harborough
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