Key considerations when starting a business
Tools & Resources
Key learnings
- Starting a business can be demanding and rewarding, often requiring managerial, financial, technical and marketing skills.
- Putting together a strong business plan and having a clear strategy are the keys to success.
- There are three common types of business structure: sole trader, partnership or limited company.
- Professional advisors can help you scope the market for your product or service and ensure that you remain compliant with your accounting and reporting obligations.
It is the ambition of many people to run their own business. Some may have been made redundant and find themselves with free time and financial resources. Others make the decision to start up in business to be more independent and obtain the full financial reward for their efforts. Ryecroft Glenton reveals how to plant firm foundations for making your new venture a success.
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