If you are considering launching a start-up business there are five steps that you need to consider before you begin. Firstly you need to create a business plan which will help you define the objectives and strategies of the business. This is one of the fundamentals processes that you should not skip, even if it sounds temping. In some cases, such as when you are looking to raise funding for your start-up business then you will need a business plan as investors will want to see it.
The next step is to open a business bank account, there are many different accounts available and you should research your needs thoroughly. Consider whether you need a simple deposit account or if you need something more sophisticated, such as if you want to trade via ecommerce online.
At this stage you should also consider whether you need to raise finance for your start-up business project. You may be able to raise capital from the bank, friends or family or outside investors such as angel investors. Financing your project should be considered early on in the planning stage as if you do not manage to secure finance your project may be over before you begin.
You should find a name for your business and check with the relevant authorities that it is unique and available. It is a good idea to check whether the domain name for your business is also available as if it is already taken this could prove to be a problem.
It is important to inform the relevant tax authorities if required. Simple steps such as this often get overlooked when you have so much other planning and work to do when launching your start-up business, but by not carrying out all the legal requirements then you may be opening yourself up for unnecessary financial penalties.
We are a company based in Athlone, where we have a demonstration House which displays all the technology that's available to help people (elderly, people with disabilities and dementia) live independently and safely in their own homes.
A. Online Retail Commerce (B2C eCommerce) to the countries of the European Union, starting from the United Kingdom, and B. Online Wholesale Commerce (B2B eCommerce) to the countries outside of the European Union.
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Pension and annuity compensation in the UK is set to experience rapid growth. PPI was £22bn, many think pensions is bigger. We have Ministry of Justice authorisation to handle UK claims (not easy to come by). The parent company is based in Tipperary.
The Irish Investment Network connects entrepreneurs based in Ireland with Angel Investors both locally and internationally. Find an investor for your business, or find potential investment opportunities within our database of business proposals.