Small busniess startup???
11 February 2005, 04:03 PM
#1
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Small busniess startup???
thinking of setting up a small business with a friend of mine...
We've no idea how to start as was looking for a few pointers... i've read the businness links website so now understand a bit more but was after some real world advice as to how to simply create a name, register as self employed and how to get going...
aslo what software to use to keep tracks of what we do sales and so on... it seems like there just so much to go through but surly it can't be so complicated... after all plumbers can do it... ;-)
Any help would be welcome
BTW
the business will be focused around communications. i.e. phone systems and all associated stuff, data cableing (done properly... not like sparkies do it!
), Fibre optic installs, voice over ip, network testing\analisys, and voice over ip consultancy... my subject, and a complete no bull**** approach from two very well trained and experienced engineers 
Aslo any work will be much appreciated...
We've no idea how to start as was looking for a few pointers... i've read the businness links website so now understand a bit more but was after some real world advice as to how to simply create a name, register as self employed and how to get going...
aslo what software to use to keep tracks of what we do sales and so on... it seems like there just so much to go through but surly it can't be so complicated... after all plumbers can do it... ;-)
Any help would be welcome
BTW
the business will be focused around communications. i.e. phone systems and all associated stuff, data cableing (done properly... not like sparkies do it!
), Fibre optic installs, voice over ip, network testing\analisys, and voice over ip consultancy... my subject, and a complete no bull**** approach from two very well trained and experienced engineers Aslo any work will be much appreciated...
11 February 2005, 04:11 PM
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If you want to involve a bank (beyond using them to keep your money at...) you will need a business plan; everything will hinge on this and youll need to be able to support the figures that you use.
Simon
Simon
11 February 2005, 04:26 PM
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Contact your local Business Link - they should have a start up adviser and he / she can give you free and impartial advice on how to set up and run your business. You may find that to begin with you might not need to have the expense of an accountant, although it does depend on how you set up and the size you intend to start at. If you are local to the Midlands there is a New Business New Life show on at Donnington Park 26 / 27th Feb which is also quite good.
www.businesslink.org
I know you've said you've looked on the website but if you contact them they should offer you an appointment with an adviser. Put in your postcode and it will tell you the local number.
www.businesslink.org
I know you've said you've looked on the website but if you contact them they should offer you an appointment with an adviser. Put in your postcode and it will tell you the local number.
Last edited by Coopz; 11 February 2005 at 04:29 PM. Reason: Spelling.
11 February 2005, 06:08 PM
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AFAIK you just need to tell your tax office that you are going self-employed and then you can just get on with it. Do use all free help you can get as suggested above.
Keep all records from the most minor thing going as you will need these for tax returns. Best open a separate business account. You can be thinking about VAT registration, etc as you proceed and depending on advice you receive. Always very useful to talk to someone in similar business if you can. Federation of Small Businesses worth joining. Bon chance. DL
PS. You may need to investigate insurance/liability cover sooner rather than later. Again Business Link will advise.
Keep all records from the most minor thing going as you will need these for tax returns. Best open a separate business account. You can be thinking about VAT registration, etc as you proceed and depending on advice you receive. Always very useful to talk to someone in similar business if you can. Federation of Small Businesses worth joining. Bon chance.
DLPS. You may need to investigate insurance/liability cover sooner rather than later. Again Business Link will advise.
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11 February 2005, 07:27 PM
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Originally Posted by GC8
If you want to involve a bank (beyond using them to keep your money at...) you will need a business plan; everything will hinge on this and youll need to be able to support the figures that you use.
Simon
Simon
which gave me 6k to get into a franchise
this franchise will in a few years time pay for My OWN site sumwhere else where i can cream all the profits
i figured its a better way to get into the whole thing, i have people helping me left right and centre and the moment, where if i had of just dived right in at the deepend i would have fell flat on my face
worth thinking about
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