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 wont 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 that sounds cryptic, then let me paint the picture in black and white. Get an accountant. It might sound a bit far-fetched to speak to an accountant at such an early stage of business, but it pays big dividends in the long run. The best thing to do when you are starting or operating a business is to have a good quality professional accountant on your team; and by that we mean one that belongs to a professional body – this is an area you do not want to scrimp on. It does not have to be AIMS – as much as we would love you to choose working with us, just make sure you get the right professional support to assist you with your plans and vision for your business.
If you like how we think, then you will like how we work.
Contact your local business accountant for a free consultation; you’ll wonder why you didn’t switch to AIMS before.