Starting your own business

Plan: Before one can start a business, more than just knowing you’ve got the qualities needed to start a business. A plan is needed. This is needed because you needed to know where your intended company, is headed to, understanding that without one, you have no direction or purpose and not a good image if you intend to have investors finance your business.

 

What is a business plan? – This is a written document that describes the future of your business. This plan, or should we say, “The” plan, is always updated. There is no time limit as to when one should do so; it is considered a work-in-progress. Every day something always changes that needs to be included in the business plan. The next question is then, who needs to have a business plan? The answer is in the name itself, all businesses need it.

 

More information on how to make plans and the best way to do it are provided in the link below.

 

http://www.entrepreneur.com/how-to-write-a-business-plan

http://www.entrepreneur.com/article/159552

http://www.entrepreneur.com/businessplan/index.html

http://www.entrepreneur.com/article/38290-2

 

Capital: after having a plan, what then is needed? Finances are required to move that plan of a piece of paper and make it a reality. However, it is hard to find finances today. Even with one’s hard cash available, you eventually would need support from somewhere to continue with the cash flow to avoid liquidation. There are ways to obtain start up funds which include getting a loan from the bank or finding an investor who is willing to take the risk with your business ideas, and so on. To find more just click on the link below. Meanwhile, don’t forget to shop around for the best offers when it comes to banks and the loans they offer.

 

http://www.hmrc.gov.uk/startingup/help-support.htm

http://www.entrepreneur.com/article/226668

http://www.entrepreneur.com/money/finance/index.html