Your essential start-a-business checklist

Okay, so you probably spend most days up to your eyeballs in lists already, but this start-a-business checklist is definitely worth following. Made up of the must-dos, the should-dos and the could-dos of starting a business, it will make your journey to launch a lot smoother and hopefully a little less stressful.

There's a lot of information here, so use the links below to jump around the list

  1. Write a business plan
    You'll need this at almost every step of your start-up journey, and it should help you expose any weaknesses in your business idea
  2. What sort of company is right for you?
    Self-employed, limited company, VAT registered or not?
  3. Pick a name
    This is one to get right first time, so take some time and run it past lots of (unbiased) people
  4. Register with HMRC
    Don't run the risk of fines later – get this done and don't look back
  5. Open a business bank account
    Don't muddy the waters of your personal finances – take your business seriously and get the finances sorted
  6. Decide where you're going to work
    Home? Shop? Office? Work out what you need from your premises and find the right home for your business
  7. Get insured
    Every business is different – find the insurance you need and get yourself covered – this is not an area to cut costs!
  8. Find an accountant
    Find someone you trust – they will be your best ally through your business journey
  9. Make sure you're legal
    Double-check you're not breaking the rules. Don't let this get in the way of your success
  10. Get online
    Get your business ready for the digital world – ignoring the internet is not an option
     

If you're looking for more tips or advice on starting your business, try Barclays Connector, an online community of business professionals, ready to share their experience.

 

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Last updated: 02-Jun-2014 at 12:16 PM