Launching a new business is such an exciting time but it can get a bit stressful. What with having so many different things to organize, sometimes crucial things can get forgotten. Here’s 3 of the top things to remember to help make sure that launching your business goes as smoothly as possible:
In the beginning stages of starting up you never know how successful you’re going to be. By trademarking the name and logo of your business from the very beginning, you’re protecting your business from being copied by others who could potentially damage both your image and reputation. It’s really easy to trademark your brand, the process can take up to 4 months but the trademark lasts for 10 years, so it’s well worth the wait. Read up on gov.uk for more advice on how to successfully trademark your business.
Keep on top of the admin and accounts
Often people who open a business are experts in that particular area, from hairdressing to beer to bath bombs. What people tend to forget is that they’re not experts in all areas, and one of those that is particularly important is the accounts. By hiring an accountant to keep on top of the books, or using the services of a company like Just Accountants, you’ll be able to make sure your finances are in check and not be in for any nasty surprises. The same goes for all the administrative work, until you can afford to hire someone to do it, allocating a few hours in an evening to file and organize all your important paper work is vital.
You are the boss
If this is your first time being self-employed it can be a little tricky to get used to. Learning how to manage your time properly will ensure that your business is a success. Little things like waking up late or going away for the weekend might have to be put on hold whilst you establish yourself as every time your business is closed you’re not making any money. It’s important to remember this is the case with sick days too, so organizing cover in advance for if these situations arise is also advisable.
It pays off massively to put in a lot of hard work in the beginning to help get your business off of the ground. By remembering these key things, your business launch should hopefully be stress free and a roaring success.