Setting up a new business
So, you have a great idea that you think would make a good business and you have decided to take the next step and make it happen. Well, good for you! Setting up your own business or buying an already established business can be an exciting time that is full of new possibilities and challenges, but also some potential stressful nights.
So, before you start, it’s important to know what’s involved in setting up and then running a business. At Precision, we can provide you with the latest business structure advice to give you peace of mind that you have every angle covered.
What you do next could make all the difference between your business having a strong foundation and becoming a success or what nobody wants to see, a disaster.
Investing time into proper planning is one of the keys to turning your great ideas into reality. Operating a business is not just about working for yourself or working from home, it’s also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed.
At PTAM we want to make it a success. In fact, at PTAM we consider our client’s successes to be our success as well.
We want your business to have the best possible start it can, so we work with you through the early stages and help you understand what’s really involved and help you on the road to a rewarding life of self-employment.
We can help you to:
- Choose a business name;
- Set up the structure to run your business such as a Company or Family Trust;
- Understand what registrations your business needs to have;
- Set your goals and objectives;
- Work out what skills you need to run your business;
- Determine what income your business will need to make;
- Create your business plan;
- Make sure you know how to account for all your income and expenses;
- Understand what your tax obligations are;
- Onboard your employees or work with contractors
We know the pitfalls that can set you back and cost you money, we know the shortcuts that can save you time and we know how to build the foundations that will allow your business to grow and become the empire that you imagined.
So now that you have had the idea, what’s your next move? Don’t take a chance, Join the Conversation today for a no-nonsense discussion on how to make it all happen.
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If we haven’t answered all of your questions, feel free to drop us a line anytime.