So you’ve decided to start a business?

Starting a new business can be daunting, and there are a number of things that you need to consider as it is a sad fact that many start-up businesses are not around after three years. This is usually due to the founders getting frustrated and giving up, or because they have ran out of money.

If you are planning on starting a business – here are some things to think about

  • Is your business idea viable?

  • How long can you realistically survive if your business makes little, or no, money?

  • Is anyone else doing the same sort of business?

  • If someone else is doing it, how are they performing? Are they growing?

  • Even once established, can you business earn you the type of income you want and need?

  • What are the start-up costs and where will you get the money from?

  • Do you know how you get customers once you launch?

  • Are there any legal considerations?