Starting Your Business by Brian O'Kane

By Brian O'Kane

In accordance with 20+ years' functional adventure, this e-book takes you thru the foremost start-up levels: determining even if you will have what it takes; studying your concept; writing a marketing strategy; elevating funds; sourcing the help you would like; and getting started.

content material: creation; 1: getting all started; 2: getting to know your concept; three: writing a marketing strategy; four: financing your start-up; five: help to your start-up; 6: getting your enterprise up and operating; concerning the writer: brian o'kane; oak tree press.
summary: according to 20+ years' useful event, this book takes you thru the most important start-up phases: identifying even if you will have what it takes; learning your notion; writing a marketing strategy; elevating cash; sourcing the help you wish; and getting begun

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Sample text

Quality certification. • Premises. Bank account At least one bank account is an essential for any business, however small. Don’t be tempted to run your business through your own personal bank account ‘until it gets off the ground’. That is a recipe for disaster. Open a separate bank account for your business as soon as (or before) you begin to trade. A limited company usually needs to pass a resolution of the Board of Directors to open a bank account. The steps involved are: • Ask your bank manager for a copy of the form of resolution that they require.

Advisers As you start in business, you need two key advisers: an accountant and a lawyer. In the pressures of setting up your new business, there will be a temptation to avoid finding either of these two. Not doing so saves you time and possibly money, both of which are important in a start-up situation. But it could cost you dearly later on. The reasons for choosing a financial and a legal adviser at the start are: • Their experience and expertise in dealing with other start-ups may save you hours of time and hundreds, or even thousands, of pounds.

Decide what instructions you want to give the bank regarding who is authorised to sign cheques on behalf of the company, and how often you want to receive statements. • Propose the resolution in the form required by the bank – see the mandate form for the wording – and have it adopted by the directors at a formal Board meeting. • Complete the mandate form. Usually this is in the format of a request to the bank to open an account, and certifies that the resolution, in the prescribed wording, was passed at a meeting of the directors held on the date noted.

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