I wholeheartedly encourage and praise those persons who have the desire to branch out on their own and start their own business – but it is not for the faint-hearted so here is my “Starting Your Own Business Guide”.
The rewards can be excellent but be under no illusion that you will NOT become a millionaire over night, you will no longer have time for holidays or illness and you will be working 16 hour days!
Guide to Starting Your Own Business
The unfortunate reality is that most businesses will fail with the majority failing in the 1st year. There are a whole host of statistics which you can Google but these never seem to be consistent with each other. Business failure is down to one or more reasons (which are outlined in this blog post ) but ultimately it is all down to planning. If you use the guide to starting your own business, you will be more likely to succeed but a business guide is only a small aspect, you will need to put in all the hard work. I can provide advice, but you have to implement it.
If you fail to plan, you plan to fail!
Here at Anderson Accountancy, I have devised a simple, 1 page illustration covering the 4 Stages of Business Conception and these stages are:-
Conception – You have an idea and want to turn it into a business
Planning – This stage is the most time consuming and requires you to seriously think about your idea
Implementation – Turning your plan into a business and getting it going
Continuance – Growing your business (in both terms of turnover and size) and deciding on your exit strategy
Once you have your idea, please give me a call on 01794 521300 and I will be happy to discuss your idea, plan and help you get going or if you would like me to call you, simply complete the form on the Contact Us page.