Business start-up
Starting a small business is just like a game of chess. To be successful you need to make the right opening moves.
The business evaluation and establishment phases can be a period of great anxiety due to a combination of excitement, uncertainty and financial risk. Remember to keep your emotions in check because you need to make some very important business decisions in this phase.
There is an old saying, ‘people don’t plan to fail, they just fail to plan.’ This is both valuable advice and a warning for people intending to start or buy a business. All too often people start a business without a business plan or adequate professional accounting and legal advice.
The wrong business structure, choice of accounting software or lack of insurances can not only prove costly, it can be catastrophic. There are numerous issues to consider and Think Accountants can assist you with your:
- Business Structure
- Finance Requirements
- Software Selection
- Employer Obligations
- General Tax Advice
- Bookkeeping Training
- Business Plan
- Business Evaluation
When selling your business there is also a range of issues to consider including Capital Gains Tax. We urge you to consult with us if you are contemplating buying or selling a business.
