I’m always finding my clients have a great business idea but have no clue about the things they should be thinking about to get them off the ground ahead of the game. These are some of the things people don’t think about before jumping in. Which is fine because we all have different skills. Thats why this platform is so fantastic , We can all benefit from each others communities.

Thinking about the nuts and bolts of your new business will help you start off on the right foot. How much money do I predict I’ll earn? Which Tax bracket will this put me in if any and what preparations do I have to make for these commitments.

What software am I going to use to record the financial side of my business? I love Xero to be honest. It’s easy to navigate and reconciling is easy if you take a few minutes out of your day and keep it up to date. There are lots of other programs too but Xero is the most flexible system. Although this may seem daunting to some it’s easy for someone like me to get it set up for you and help you learn what you need to know. Make an appointment with me to discuss further 🙂

Do you have an idea 💡 of how your business will progress. A business plan can be jotted down on a napkin if you wish! You will need a professional one if you seek to lend capital for your business but the napkin version is a great way to keep yourself on track. I recommend having one from the jump if you are in a partnership. Make an appointment with me if you need help with this. It’s a lot less daunting than you think. 💭

It’s quite easy to make one yourself ! You can and should probably get someone like me to help you. A business plan is always good to refer back to . Let’s say you’re a Hairdresser and you have just bought a salon. It’s easy to get caught up in styling clients hair all day long while forgetting to do important things like advertising a spare chair for another stylist to rent . This provides a busy vibe to the salon and creates YOU more income. Business plans keep you on track.