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The Essential Check List To Help You With Your Business Start UP
The following tasks are the essential check list items for individuals that wish to start a successful business.
Set up & register your legal structure
Decide on what type of legal structure suits you best. There are a number to choose from; sole trader, limited company, PLC, etc. Choose a name and register it with Company’s house.
Do the groundwork
Develop your business ideas
Write a business plan
Determine your ability to stay afloat during the early days
Check whether you are ready to start
Choose advisers
Choose your business name
Choose and protect your business name
Raise finance & manage your money
Choose and run a business bank account
Examine your finance options
Work out how much money you'll need when starting
Plan your cash flow
Assess your pension needs
Sort out your tax & record keeping
Understand your obligations regarding National Insurance
Consider other business taxes
Consider allowable business expenses
Check whether you are eligible for tax allowances
Sort out your VAT
Check whether you need to register for VAT
Set up your premises
Choose your business premises
Establish a safe workplace
Set up your operations
Finance your initial equipment, plant and machinery
Set up your suppliers
Set up stock control and inventory procedures
Set up transport for your business
Protect your business
Protect your ideas
Insure your business
Promote & sell your product or service
Choose your target customers
Set the price for your product or service
Plan your marketing strategy
Close and get paid for your first sale
Set up and promote your business online
Stay within the law when selling your product or service
Set up your IT & e-commerce
Set up your IT system
Set yourself up for e -commerce
Check whether you need to notify the Information Commissioner
Understand the special needs of your business sector
Investigate and apply for the licences and permits that your business may need
Review the regulations that may apply to your business
I can help you with this if you like.
My details are below:
Ken Ajoku
Business & Marketing Advisor
Website: TheKajokuGroup.blogspot.com
Mobile: 07956 515 868
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