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Top 5 Business Start-up Tips |
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We asked our contributors what tips they would pass on to people starting out in business. The tips that they wished they had been given. This is what they said:
- 1) Company Name
"This is the most important thing you will need to come up with. Changing it will be an expensive and difficult task. Simple as it may seem, choosing a company name that begins with the letter 'A' will appear nearer the front of alphabetical listings so thats worth thinking about. Also, a name you don't have to spell out over the phone, or think about how to pronounce will be much more memorable. There are also legal requirements about certain words you can't use in a company name."
- 2) Employ Professionals
"You may be the cheapest/best/quickest at making widgets, but what do you know about the Tax laws of the UK? Don't even think about starting a business until you have seen an accountant. Most will give a free first interview and may even tell you to come back in a years time, but their advice is invaluable"
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Want more practical tips like these?
There are loads of practical tips, helpful advice and information you can tap into. You may feel lonely when starting a business and having access to information like this can really boost confidence and lighten the load.
We talk to people who run small and large businesses all the time. To benefit from their experiences and avoid making the same mistakes they did, get our FREE guide by clicking below.
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