A partnership can be a satisfying, profitable and enduring business relationship. However, it's important to agree on terms and conditions with potential partners first, to avoid future conflict and misunderstandings.
Starting a new business is exciting, however there are a few things you need to do before starting to trade. While there is no single place to ‘register’ your business, by following the essential steps in this guide you will have your new business up and running. Note, these are the absolute minimum requirements.
Having a well prepared business plan before starting your business can help you refine your idea, gain a deeper understanding of your market and have a clear direction for your business. Our guide to using the business plan template will help you when using this resource.
Part of starting out is finding the money required to turn your idea into a business. Sources of finance can range from banks, financial institutions and crowd funding, to family and friends. In deciding how you will finance your business, regardless of source, there are some key aspects to consider.
Having standard (written) terms and conditions (T&Cs) in place are essential when starting a business – they are the legal basis on which you will be engaging with customers.