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Starting in Business |
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Starting Up in Business |
This
factsheet covers the factors to consider before trading
begins.
Topics covered: business start-up, initial
considerations, business plan, business structure,
stationery, books and records, accounts, taxation
(income tax, national insurance, VAT), employment,
insurance and pensions. |
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Could I
Really Make a Go of it? |
| Many people
wonder deep down if they could really make a go of
running their own business. It is not for everyone but
the following is a list of attributes that successful
business owners have. You do not need all of these
characteristics but ‘go-getters’ have the majority of
the qualities. |
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What Business Structure Shall I Use? |
Having made
the decision to be your own boss, it is important to
decide the best legal and taxation structure for your
enterprise.
Topics covered: sole trader, partnership, limited
company, limited liability partnership, co-operative.
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The
Business Plan |
| Every new
business should have a business plan. It is the key to
success. If you need finance, no bank manager will lend
money without a considered plan. |
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Raising Finance |
Every
business from its commencement and through its
development and growth will need finance.
Topics covered: bank loans and overdrafts, savings,
shares, venture capital, retained earnings, factoring,
hire purchase, leasing. |
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Sources of Finance |
| The
financing of your business is the most fundamental
aspect of its management. Get the financing right and
you will have a healthy business, positive cash flows
and ultimately a profitable enterprise. |
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Insuring Your Business |
| When
starting a new business, you will no doubt recognise the
need for insurance. It can provide compensation and
peace of mind should things go wrong but can also
represent a significant cost. |
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