Start-up businesses
Your new business will make a tremendous difference to your life. Are you ready? There's a lot for you to consider and important decisions to make. Our free launch plan meeting can help ensure you have everything covered.
Our free launch plan review meeting with an experienced adviser will get you off to a flying start. Call 01273 88-22-00 or click the 'Free launch plan review' box and we will call you back.
In meantime, here are ten key areas to consider in your planning.
| 1. | Think about the kind of experience and skills sets necessary to run a successful business. |
| 2. | Now think about your strengths and weaknesses, identifying areas in which you will need training or outside help. |
| 3. | Define your goals for year one, two and three. In addition, think about your ultimate, long term goals. |
| 4. | Ensure that you have defined your target market and, if necessary. any discrete segments within that market. |
| 5. | Consider too how you will communicate with your target market. |
| 6. | Now consider why potential customers will want to buy from you – what will be your sales proposition? |
| 7. | Take a close look at your chosen market. Having done your research, consider how to structure your pricing. |
| 8. | Think about cash flow (business and personal) remembering you need to live while the business starts to grow. |
| 9. | If you to need attract funding to get off the ground this will influence how your plan is structured. |
| 10. | Make sure you have a basic understanding of the statutory obligation you face as the owner of business.There will be costs dates and deadlines to be considered. The sole trader or limited company is often the key decision. |
