Setting up in Business
- Write a business plan
- Starting up a business
- Your Customers' needs
- Growing your business
- Set up a Ltd or partnership
- Avoiding business cash flow problems
- Business allowances
- Business finance and support finder
- Business finance explained - loans, grants, overdrafts, invoice financing and leasing
- Choosing your SEO Agency
- Employment agencies and businesses
- Find business training courses
- Forecast your business finances
- Market research for your business
- PAYE record-keeping
- Register your new business / HMRC
- Business training and networking events
- Setting up a social enterprise
During the first few months or years of starting a business, ...
During the first few months or years of starting a business, the main concern is simply one of survival, of keeping, the struggling business alive. It is difficult for the owner to find time to think at this stage.
Indeed it may seem hardly necessary to think, since what needs to be done is usually so obvious; the problem is essentially one of priorities.
Not all new businesses survive, alas, but those which do reach a stage when the owner can't last feel that he has proved it is viable.
Now be begins to wonder, 'How Can I make it more profitable?' The measures needed to achieve this will of course differ greatly, depending upon the nature of the business, the talents of the entrepreneur and his reasons for starting the business. Nevertheless, there is a method which can be applied to any new business. This website is designed to help the entrepreneur apply this method to his or her own particular business. The reader is taken systematically through the steps: taking stock of where the business stands at present; how to increase income; how to reduce expenditure; how to use money more efficiently.
These steps will highlight the strengths of the existing business, strengths which can be used to make the business grow. The steps will also reveal weaknesses which must be put right to overcome present troubles or prevent future ones.
The knowledge about your business gathered in this way is converted into specific advice in a concluding This is designed as a working website and at the end of each section certain 'homework' is suggested. By doing this homework, you will build up a survey of the key aspects of your business as you progress through the website. In the concluding sections you will be shown how to interpret your calculations and comments and turn them into practical measures you can take to make your business more profitable. If you follow the method given in this website you will in effect have conducted a DIY management consultancy study, just as an outside consultant might do it, but at much less cost.
Moreover, because you have done it yourself, you are much more likely to believe the conclusions and put them into practice. As the examples in the text show, we are well aware that many new businesses are started by women and some of these become very profitable indeed.
Consequently, although we have said 'he', 'him / her' or 'his' in places to avoid clumsy writing, these should be read as 'she' or 'her' when appropriate. While every care has been taken to get the facts right, we don't claim to be free from error. Moreover, what is good advice for one business may be inappropriate for another.