Starting, or learning to manage, a business is difficult enough. New business owners frequently have to juggle multiple responsibilities, including those of finance, human resources, sales, and more. Business owners might quickly exhaust their resources and mental capacity, due to wearing too many hats. This is where an experienced, external consultant can offer new business support to get you off on the right track and take care of those routine tasks that may not be your strong point.
There are a number of basic business types to consider for a new business. There’s being a sole trader, a limited company, a partnership, a Community Interest Company, or C.I.C., or a charity. Each type of business (and these are the most basic types) has specific attributes. Business owners need to understand the differences in order to know which one is going to be the best option for them.
Outsourcing to a business consulting company might be the best decision you can make. Everyone needs help with starting a new business, in some capacity. As well as needing to speak with an experienced accountant (particularly when it comes to getting the lowdown on tax for each type), you may want to hire a business consultant to ensure that you are proactive and professional from the start.
By the time you start trading, you should have a number of documents in place to keep you ‘on the straight and narrow’ and to avoid the worst of the pitfalls new businesses encounter. This is a new business consultant’s speciality. At Eye Bray Ltd we help business owners create practical documents that protect them.
This dovetails with other forms of protection, like insurance, having a good accountant, and other advisors you trust to steer you in the direction you want to travel in. Don’t feel anxious about asking for help. Remember that all the best and most successful business owners have a number of advisors supporting them – even when they have made their business a success.
Many owners of small businesses haven’t been adequately prepared for the unexpected. Incidents such as security breaches, natural disasters, workplace accidents are examples of unforeseen circumstances.
Even if you can’t be entirely ready for every crisis, you can take steps to be ready for some of them. A skilled business development consultant will thoroughly analyse your weaknesses and assist you in creating a backup plan.
At Eye Bray Ltd, we deliver bespoke business consulting services that can give you a clear path and direction on how to grow your business and avoid common mistakes. We mainly support companies in Essex and east London but can just as easily support new business further afield.
If you are at the start of your journey, or not been a business for too long, and confused about what you need to be considering, there’s help at hand. I know, only too well, that the answers for each business are truly unique – even if there are issues from the same topic areas. What counts is how you do things and reaching your goals in the most appropriate way for the business.
If you’ve actually read this far, is any of this text lighting up your buttons? Pick up the phone -it’s good to talk! And in the beginning, it’s free too.
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Mob: 07943 211611
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