Thinking of starting your own business?

Lots of people would love to work for themselves, are you one of them? It can be an exciting prospect. Why? The reasons can vary. Some think of the work life balance it will allow. For others the idea of being your own boss is hard to reject. It can offer greater earning potential or maybe it’s an opportunity to change career path and start doing something you are passionate about.  

In spite of these factors, some hold back from doing it. Why, what makes it challenging?

Not the work itself, when you know what you’re doing (which you would in your chosen field) or love what you’re doing the work isn’t the scary part.  It’s the compliance and additional work that can make it challenging. If you’ve ever sat down to play with the idea of starting your own business did you ask yourself:

-        Will I need a business bank account?

-        Should I run it as a sole trader or Limited company?

-        How do I market my new business?

Being faced with these and many more questions it’s all too easy to shelve the idea for another day.

Sometimes just having the right advice can make it seem a lot less daunting. All of the above questions and many more are answered on a great website call Informi.

Informi is a website providing free business guidance, brought to you by AAT. You’ll find step-by-step guides, checklists, plus free templates and tools to help you run and grow your business.

I hope it will be helpful to you if your thinking of or have recently decided to start your own business.  

If you would like to discuss how I can help you with tax and accounting compliance please give me a call or send a message