Friday, 23 Feb 2024

Starting a business from home

Starting a business from home

Are you one of the many people who have decided to start their own business from home, whether this is a service of a product related business? More and more people are looking into ways in which they can start working for themselves. For some this is as a result of being unhappy in their current employed positions, for others it could be that they are looking to bring a particular product or service to market and for others it is to give them a better work-life balance.

There are a number of things that you will want to have in place when you first start your business.

Structure – having the right business structure will depend very much on what product or service that you are providing and what your plan is for your business in the future. For some this may be working as a sole trader and others may want to set up a limited company that can be sold onto another party at some point in the future.

Accountant – finding yourself a good Accountants Cheltenham way or one local to your business location will help to ensure that you stay on the right side of any financial legislation that is pertinent to your business structure. Randall and Payne Cheltenham Accountants will help their clients with a number of financial tasks such as daily accounting, filing of year end accounts as well as support for VAT returns.

Space – set yourself up with some space that you can work from that allows you to concentrate on your work and that has the right equipment and furniture to ensure that you are comfortable and able to complete any of the tasks that you have to carry out.

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