Starting a Contracting Business

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Starting your own business is a big step and sometimes it can feel like you’re going it alone. A helping hand when you need it most can make the world of difference to your transition. We created our guide to make sure you’re fully prepared for the changes ahead and equip you with all you will need to help you get up and running.

Is starting a business the right decision for me?

Before you begin, you should consider the following points:

Are you suited to running your own business?

Running your own business can be a fulfilling experience, but takes hard work and dedication. In order to be successful, you will need hard work, dedication and a lot of planning.

What are your objectives?

Consider the main aims of your business and what you hope to achieve. This could be a personal ambition, providing a new service to your market or a particular financial gain.

What are your expectations?

Most businesses do not turn a profit instantly – it can take a long time and a lot of hard work to make your business a success. You should set a realistic expectation of your expected profits and the level of remuneration you expect to achieve from the offset.

How much finance will your business need?

You should also establish how much capital you need to invest in the business and whether you will require any financial aid.

What’s in the guide?

How to start a business – what do you need to know before setting up your own limited company?

Defining your mission statement – what is your business’s vision for the future?

Choosing how to operate – there are many different business structures, but which one is right for your needs?

Your business and the law – what are your legal responsibilities when it comes to keeping your business safe and compliant?

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