Company Formation - Useful business sheets

For various reasons, every year thousands of people decide to set up their own business.  You may have been made redundant and you decide the best option is to set up a business, or you may have always wanted to run your own business, or you may have a good idea and want to develop it.  A good business idea could be an invention, a new product or service, or an original idea or solution to an everyday problem. It might also be:

• a gap in the market that you can fill
• a business related to the work you do already
• an interest or hobby that you can turn into a business

Just make sure that whatever your idea is, you need to be sure that it fits with your needs as an individual, as well as being a viable business proposition.

Ask yourself these important questions and ensure that you have all the answers:-

• What experience or expertise will you bring to the business?
• Is there a market - a need for the idea, and customers who will pay for it?
• How big is the market? How will you reach it?
• Who will be your main competitors?
• What makes your idea different? What are your USPs (Unique Selling Points)?   
• What about funding?
• What might go wrong?  Do you have a Plan B?

To help you make the right decisions, we have compiled some really useful business sheets for you to download. (PDF format)

Qualities Needed to Succeed in Business

Top Tips in Starting a Business

Which Business Structure?

Choosing Your Company’s Name

Employees v subcontractors

Disclaimer

The information provided in the web site resources is of a general nature. It is not a substitute for specific advice in your own circumstances. You are recommended to obtain specific professional advice from a professional Accountant or Solicitor before you take any action or refrain from action.

Whilst we endeavour to use reasonable efforts to furnish accurate, complete, reliable, error free and up-to-date information, we do not warrant that it is such. We and our associates disclaim all warranties.

The information can only provide an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice.