Ten pitfalls to avoid when you start in business

Starting a business is stressful enough, why make it harder?

Enterprise is the new Rock and Roll. The high profile entrepreneurs seen on Dragon’s Den or the Apprentice have made business glamorous. Duncan Bannatyne and Sahar Hashemi have both written books called “Anyone Can Do It”. That may be true but they both fought through the tough times by having a clear idea what they wanted to achieve and took the right advice.

First, the depressing bit. According to credit rating organisation Dun and Bradstreet:

• 33% of new businesses fail within the first six months;
• 50% have failed within two years and;
• 75% have failed within three years.

Ouch!

To get your business off to the best possible start you need to avoid the pitfalls.

First of all it’s important to ensure that you cover the basics:

• Sole trader / partnership or limited company?
• Dealing with the tax man
• Keeping on top of the paperwork

Out New Business Starter Kit will help you find your way through the administrative jungle and make sure you are on top of the basics.

10 mistakes new businesses make.

If you want to succeed, we’ll be with you all the way!