Considerations When Starting a Business – Part 1
What issues should you consider when setting up in business? If you are starting, or have recently started a medical or dental private practice we, at Anderson Barrowcliff, can help you with appropriate and professional business, accountancy and tax advice.
Read on for guidance on some of the factors which need to be considered before trading begins.
This cannot cater for every possibility and any decisions should be supported by professional advice.
In order to make your practice a success there are a number of key factors which should be considered. We would be more than happy to assist these these:
The Business Plan
The business plan is the key to success. If you need finance for equipment or working capital, no bank manager will lend money without a sensible plan.
Your plan should provide a thorough examination of the way in which the business will commence and develop. It should describe the business, product or service, market, mode of operation, capital requirements and projected financial results.