Business Start-up
Starting a new business can be a stressful experience with so many new issues to address and control. We are experienced in assisting new businesses and can guide you through the various stages which would include:
- Deciding on the right business structure - sole trader, partnership or incorporated company
- Identifying who to register with and how - eg HMRC / PAYE / VAT
- Advice on how you can draw profits from the business efficiently
- Agreeing an appropriate funding / share structure and introducing you to bankers and other financiers
- Preparing or agreeing a business plan with you. As noted below this is an ongoing need of a business, although often neglected
- Guiding you on accounting and other business systems
Ongoing Business Support
We are interested in assisting you to improve your business and to expand when it is sensible to do so. Unlike an audit practice, which has to be interested in the last year's business, GibsonHewitt specialises in solving today's problems. In addition, as you will find elsewhere we offer a full range of financial outsourcing and payroll service.
Clients sometimes need a more formal context in which to review their business activities. To help these we will arrange to attend their "away-day" meetings or board meetings or even to chair a business review day.
Business Planning:
However long you have been in business - or whether starting a new business, you will need a BUSINESS PLAN. You can Manage what you can Measure. Business planning is an essential part of deciding what needs to be measured. A good business plan will set out where your business is now, where you want it to go and how you plans to get there. Some more good reasons for having a BUSINESS PLAN .............
- to identify resources required and to differentiate between money needed to buy assets and working capital to run the business.
- to prevent decisions being taken in a vacuum.
- to allow you to assess and monitor your progress.
- to provide a working pattern and targets for you and your team.
- to help determine the adequacy of available funding.
- to assess the impact of changing business assumptions.
- to anticipate recruitment needs
- to assess product development.
- To ensure a structured approach, we work alongside our clients asking them where they would like to be in six months and in three years time. We draw up the Business Plan together, identifying strengths and weaknesses and the resources required.