Starting a Business Lessons

Market Research

Market Research is key to a new business becoming a profitable entity. It anticipates and minimises risk, identifies potential customers and helps ensure success. Only about half of new small businesses will survive 5 years. To ensure yours is a … Continue reading

Developing a Business Plan

Most people starting a new business will need to develop a formal business plan in order to access finance. But actually it is a very good discipline in itself to have an up to date business plan, whether you are … Continue reading

Company Structure

The Company structure you select for your business is critical. It influences the Director’s personal liability, the ability to raise funding, impacts the liability for tax and the paperwork required. Learn which structure is the best for you, as we … Continue reading

Directors Duties

Do you understand the implications of accepting a directorship? Directors are personally liable for actions or omissions, can be disqualified from acting as a Director and can be made personally liable for the company’s debts. Did you know that as … Continue reading

Managing your Cash Flow

Profitability is important in the long run; in the short run, cash flow has to be carefully managed to avoid running out of cash and potentially being forced into liquidation. What processes can you put in place to manage the … Continue reading

Starting a Business Quiz

This quiz is designed to test your knowledge of the contents of the Starting a Business Course, part of the Management Skills series of courses. These quizzes are designed to improve your Management and Business skills. There are ten questions … Continue reading