The key questions you need to ask when starting your own business….

• Should you be a Limited Company or a sole trader? What difference does it make?
• What registrations are needed?  Business name, VAT, PAYE, Corporation tax, Income Tax, Licences?
• How do you price your product/service? How does it compare to others?
• What is your profit margin? How do you calculate this? Does it matter?
• Planning more products/services? What are you trying to achieve? By when? 
• Selling more? Where? How many customers do you need to break even?
• How do you get to your customers? Do you need partners? Distributors? Will you export?
• Hiring people? What skills? How many people do you need? What are the tax issues? 
• Do you need an accountant? How do you invoice? How do you keep track of bills? How do you pay people?
• How do you keep on top of things? How do you know you’re on track? What information do you need?
• Do you need help?  Who can you go to? How do you claim for available reliefs?  How do you get a loan?
• Should you be talking to investors? Who? What do you tell them? When should you approach them?
  

Fox Consulting knows the answers. Call us.