So, you’re thinking of setting up a business. Building your own business is a big venture and is by no means an easy one. You’ll face long hours of work, make a few mistakes, learn a few lessons and have to overcome all sorts of obstacles before you settle into the comfortable position you’re hoping to achieve in life. We’re here to help. Keep reading for tips on what you do and don’t need when you’re setting up your business.
A Name
Your business is going to need a name. You want something unique, relevant and memorable. Once you’ve come up with the perfect name, you’re going to need to copyright it. This will ensure that nobody else is able to trade under your business name and it will be exclusive to you.
Staff
Speaking of staff, you’re probably going to need to employ some. Ensure you have a good working relationship with them. Studies have shown that many people who quit their positions often leave due to bad working relations, rather than discontent with the job itself. Make sure you are paying fair wages, give the required breaks and have good communication with all workers.
Office Space
You will need some form of office space. This is a place where you can receive business enquiries and have your mail directed. You don’t want clients getting in touch and being given your home address, do you? Not only does this look unprofessional, but it’s always better to keep work and private life separate. Physical office spaces can host staff and give them a comfortable environment to work in. But, your office doesn’t always need to be physical. There are plenty of virtual office spaces available. For more information, check out yourvirtualofficelondon.co.uk/london-mail-address-business-services/mail-forwarding-london/.
Equipment and Supplies
If you’re going to have a physical office space with staff working in-house, you’re going to need equipment and supplies. From computers, scanners, printers and other technical products to desks, chairs, water dispensers, stationery and everything else. It will seem a lot to set up, but once everything’s up and going, it will be easy to maintain. Ensure that your staff are comfortable and well taken care of. Try out ergonomic seats, keyboards and mice.
An Accountant
Unless you’re an absolute whizz with numbers and have the time to do your own accounts, you’re going to need a good, reliable accountant. Choose an individual with a degree or other form of qualification in accountancy. When it comes to paying your taxes, you can come into a lot of trouble if they aren’t completed and paid correctly. Make sure that your accountant is qualified in a sector relevant to your business. There’s no point in hiring someone who specialises in one area, if your business is part of another.
A Website
More and more business is now carried out online, so you’re going to need a website. Especially if you’re selling consumer goods. Hire a web designer to help you create the perfect site to advertise and sell your products from.