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If you are thinking of starting a new business, or if you are just about to take the plunge, you will know that there is a lot that you have to do. However, in practice you will almost certainly find that it is easier to set things up right at the beginning, so that systems grow with the business, rather than find yourself 'firefighting' later on. Here are a few things to think about and do, before you dive straight into running your new business. Article: If you are thinking of starting a new business, or if you are just in the vicinity to take the plunge, you will know that there is a lot that you have to do. But where do you start? It is a good idea to get some of the groundwork done in the foreground you start, possibly this will often mean things that you hadn’t thought about, things that most people do as a reaction to frozen assets rather than as a planned activity. However, in practice you will hardly for real find that it is easier to set things up right at the beginning, so that systems grow with the business, rather than find yourself “firefighting” later on. Here are a few things to think surrounding and do, or ever you dive straight into running your new business. Get the foundations right and you will be well on the way to a successful businessr. This is by no means an exhaustive list, but should be enough to start you off. 1.Think in respect to your goals. What are you setting out to achieve? Write them down. 2.Why are you setting up in business? What do you ultimately want from your business? Write down your exit strategy. 3.Find a good accountant, someone who is proactive and forward thinking. (See “10 Things To Ask Your Accountant”) 4.Find a mentor. Either your certified public accountant or other reciprocal trade advisor, someone in the same field who has done it theretofore or perhaps someone from the local enterprise agency. 5.Research your market. Make sure there is demand, but also be consistent pricing and packaging options. 6.Write your mimesis Plan. 7.Decide where you are going to work. 8.Make sure you know how you are going to finance your new business. Have you plans to survive the first 3-6 months whatever happens? 9.Open a bank account. Keep all your racket transactions separate from your personal ones. 10. Read The E-Myth Revisited By Michael E Gerber. It has to be THE book for new gadget owners. As I said, this is not a comprehensive list, there are probably hundreds of other things that people might add. But this should give you a good base to start from. Julia McDaid www.startupright.co.uk
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