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Basic, basic basics

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  • 29-04-2008 2:26pm
    #1
    MistyCheese
    Registered Users Posts: 4,005 ✭✭✭


    What are the basics for starting up your own business? The business is a small shop. I'm trying to consolidate all the information into a checklist. Some obvious steps are:

    Registering your company name
    Registering with the Tax Office
    Applying for a license to trade.
    (Quite probably) Applying for a small business loan
    Renting a premises

    Is there anything I'm forgetting? There's probably lots.


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    #2
    thecleverone
    Closed Accounts Posts: 337 ✭✭thecleverone


    Three things that spring to mind (but there's probably more)

    (1) A business plan. You'll find it very hard to get any type of business loan without one

    (2) Opening up a business bank account

    (3) Looking into what type of insurances you would need for the shop.


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    #3
    JoeTurner
    Registered Users Posts: 201 ✭✭JoeTurner


    Get a good accountant involved from the offset.

    A decent accountant should save you the cost of their fees by offering good advice on profits extraction / what can or can't be charged to business / good commercial experience

    Joe


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    #4
    thecleverone
    Closed Accounts Posts: 337 ✭✭thecleverone


    Get a good accountant involved from the offset.

    Very good advice


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    #5
    MistyCheese
    Registered Users Posts: 4,005 ✭✭✭MistyCheese


    Thanks guys:D


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