The line between starting up a business and success isn’t a straight one – plan, plan, plan

/ Business and Economy, Tax

We thought we would share with you one of our favourite blogs from 2014. If you are starting a business you will find this one quite interesting.

The ups and downs of starting a business – everyone knows there are both. When we read about successful entrepreneurs like Bill Gates or Steve Jobs, we all want to be as successful but the reality is we won’t all be and it’s definitely not an easy ride. The line between starting up a business and success isn’t always a straight one. If you think that owning and operating a small or medium sized enterprise in this day and age is going to be easy then think again.

There are so many factors that you have to deal with that are probably outside your comfort zone; writing a business plan, registering your business, marketing, tax and HMRC compliance, managing staff etc. and the list goes on.

Starting a business can be a daunting prospect and there will be lots of ups and downs, but the most important thing is to plan, plan, plan and structure right at the start. You will still face the ups and downs but having these in place will minimise any pitfalls.

I am sure you know the old saying attributed from Alan Leikin: “Failing to plan is planning to fail!”

If you like the way we think – you will like the way we work.

AIMS Accountants for Business are the largest independent association of professionally qualified accountants in the UK specialising in accountancy for small, local and independent businesses. AIMS are no ordinary accountants and we are more than just number crunchers! Find your local AIMS Accountant.