The next steps after setting up your business
It’s important for you to do a few things prior to starting your new business on a full scale. Although these things might seem a bit complicated at first, still they are well worth your efforts.
1. A business plan
Without a doubt, you might already have an idea about the things to include in your business plan. Still, it’s crucial to note it down on a piece of paper & format it as per your likings.
Make sure your business plan is as precise as possible. If you include things which are not important in your business plan, it might actually have a negative impact on your business.
The primary reason for this is because investors looking to invest in your business might get confused & won’t realize its true potential.
Your company’s logo is as crucial as the name of your business.
Make sure it says everything in regards to your business. Your logo must compliment your business as well as the market you’re operating in. In terms of the pricing, try to get something not too expensive until you’ve raised enough cash from your business.
3. Make sure to register the correct address for your business
The address you register for your business is likely to be on each of your document, starting from your invoices to your letterheads.
In the beginning, you could even use the home address as your office address. In addition, you must also note that the address you add will be available for the public to view via Companies House. But, you can easily have a virtual mailbox which can make you seem professional to other people who know just by your office address.
4. A professional website
A professionally built website easily enables you to advertise your products or services in a convenient manner. Besides, it also helps you grow your follower base online.
You can find a number of software programs online which allow you to set up your personal site even if you have zero technical skills.
5. A business bank account
Using a business bank account, you are able to hold most, if not your entire cash in the business. Besides, you also have the option to personally transfer cash to your business account via the Director’s Loan Account.
A fee is payable with this form Please see ‘How to pay’ on the last page.
Step by Step: Opening a Business Bank Account for Limited Company Owners in the UKThe process is quite straight forward to open a business bank accounts for firms which have U.K. resident shareholders & directors. A number of banks provide different types of...
Limited Company Record Keeping: Everything You Need to KnowYou have just started a limited company & are all set to kick-start your business. However, as you might know, it's necessary for you to keep certain documents so as to satisfy HSE, Companies House, HMRC,...
Ready to get started?