Key markers to keep in mind
At this stage, you will likely have a business plan and so you may have already addressed these issues.
However, these four key elements are always useful to have in mind at every stage of your journey.
Beginning
A brand-new dawn awaits.... So, you have a new business, lots to do and many demands on your time. Where to start?
Goals and Values
How do we achieve our aims?
Clear understanding of why the business has been set up and what you want to achieve, both in the short and longer term
Cashflow
Is there cash to grow the business?
How will you fund the start-up? Savings, funding etc.
I have chosen Davenports Accountancy after my friend’s recommendation and I couldn’t be happier with the service and constant support I got from them. They helped me set up my company, always advised me on the best policies and laws and the end of the tax year has always been a pleasure, as the process was smooth and paper free! I could not recommend them more!
– Maggie (Edinburgh, Scotland)
Staff
Who do we need and when do we need them?
What skills do you need at this stage? How will you find the right people?
Processes
What systems do we need to be in place?
This will depend on what time of business you are. You may need software system for the every-day working but also procedures for all to follow making the process streamlined.
How Davenports Can Help
We can help keep you compliant with HMRC and companies house and give you the security as a small business.
We can give you the tools, such as Xero and Dext, to help keep on top of the day of running your new venture.
Once you are on your way, we can give you some further peace of mind by taking on bookkeeping and payroll, this will allow more time for you to develop your business the way you want.