Starting a business and keeping it running is not as easy. Therefore instead of being the next entrepreneur, have a second thought on starting business vs a full time job or career. You will have to get capital and market for your business. These are probably the biggest challenges for most businesses. The moment that your business is up and running, you should make sure that you keep it moving forward without jeopardising the company image or finances. You should be ready for competitive challenges that will come your way and also be prepared for future expansion and this is just the tip of the ice burg.
Let’s try and keep it simple but I’ll prove to you, starting business vs a full time job or career is stressful game.
Capital/Finance # Friends, Family, Bank, Venture & Crowdfunding
Feeling Confident??? # Ideal time to register the business
Business Plan # Templates available everywhere ( Competitors, Market, Service/Product & Finances )
Accountant # My advice stick with a “human being” not software
Bank Account # Trust me if your LTD you will obtain a business a/c
Website / Domain Name (Hosting): # NOTE: International ONLY is .com / UK: ONLY is: co.uk
SEO Plan & Marketing # Basics): Approximately 12months: Incur costs?
Staff member’s # Yet again this is dependent on your industry
Patience & Perseverance # Alan Sugar never gave up? after 3 / 6 / 12 months???
Money, Money, Money # Keep a close eye on the expenditure otherwise back to square one!
There you have the basics –However it is fact starting business vs a full time job or career is very time consuming these days. your competitors may have a market share, better SEO & established longer, larger workforce – so many factors. The simple alternative and answer is apply to as many temp perm or executive jobs west midlands It is a simpler process than waiting 12 months to see a profit emerge from the business???