Steps To Starting Your Online Business

 

<!-- Ezoic Code -->  <script>var ezoicId = 215821;</script>  <script type="text/javascript" src="//go.ezoic.net/ezoic/ezoic.js"></script> <!-- Ezoic Code -->     Accounting requires good record keeping and a documented flow of funds in and out of your organization. So setting up a business account is a first step towards a hassle-free accounting for your small business.   It makes it statistically easier to keep track of your business expenses and if you're a business institution other than a Sole trader, you're also legally required to have business dedicated bank account.   Before going to the bank to set up your account, make sure to have the following required documents; • Companies House Registration number (for limited companies or partnerships) •  Business address, including postcode, contact details ( mobile number, email address, landline number) •  Have an estimate of your turnover •  Personal det...

<!-- Ezoic Code --> <script>var ezoicId = 215821;</script> <script type="text/javascript" src="//go.ezoic.net/ezoic/ezoic.js"></script> <!-- Ezoic Code --> Will you be a sole business trader or a share limited company?   When unveiling your new business, you can start as a Sole Trader or a Share Company.   In some countries like in the UK, if you start a business without registering it with Companies house, that business will be taken as a Sole Trader by default.   As a Sole Trader, there's a very little space between you the business owner and the business itself. Any business debts becomes your debts and your personal asset including your house are not under protection.   Registering a Share Limited Company has a lot of benefits and one primary benefit that is worth considering, the business is its own legal institution, so as a shareholder you have little or limited liability.   This allows you to limit personal respons...

<!-- Ezoic Code -->  <script>var ezoicId = 215821;</script>  <script type="text/javascript" src="//go.ezoic.net/ezoic/ezoic.js"></script> <!-- Ezoic Code -->   Is your new Business idea Durable?     Firstly, you need to know if your idea is capable of existing for a long time and also know if it will work out. You don't want to wake up one day to find out at the end of your business launch that for one reason or another, your idea just isn't going to work, honestly I can't think of anything worse than waking up to a situation like that. So to give an Answer to this, you'll need to write down a "Business Plan".     Reasons to write a Business Plan;   • it helps you know and define who your potential customers will be   • it points out a spreadsheet of the tasks ahead, and uncover your brand and product weaknesses   • it motivates you to set up short-term and long-term goals and tasks   • it helps y...

How do you start a new Business?  Executing and having a new business can be tiring and exhausting. You are probably and frequently asking yourself many questions like: "Do I really have what it takes to run this? What if I fail? What if it becomes a Success? What do I do next? And how much effort do I have to put in to make this work?"  Whatever the question may be, we all know one thing for certain is that having a plan always makes it  easier. Whether you are going animal hunting or launching your first business, with a well detailed plan on ground, you would have that courage and confidence to push through with your idea.  And that's what this post is about. So fasten your seatbelt and brace up,because we are going for a ride. Let's Get Started. Discover...