Business Matters | Tax Tables 07/08 | Understanding Tax | News, Articles & Guides | Tax Calculators | Tax Services

In This Section : Business Matters | Planning for Business | Managing a Business | Records & Bookkeeping | Credit, VAT & NI | PAYE & Credit Control

Planning Your Business

Your business doesn`t have to be a new idea - but good business, good research, planning, financing and hard work all contribute to making your business idea a success story.

For a free copy of our twenty page guide to self employment click here : "Business Reality"

Have you researched your idea. Do you know?

• Your target market


• Your potential customers


• Your target markets' needs


• When/Where they will buy your product/service


• How will your customers find you


• What is your competition doing

A Business Plan will help you focus your proposed business venture and should include:

• A summary


• The market and competition - your research


• Promotion and pricing - how you are going to get your business


• Management - is it you, your experience, who is involved?


• Operations - the structure of the business


• Finances - your cashflow forecasts


• Financial Requirments - how much money do you need

Keep your business plan short and to the point.

Tax information provided by :