5 Things You Need Before Setting Up Your Business

 

So you’ve decided to take the plunge and start a new business? Firstly, congratulations are in order, because it’s a big step. However, the bad news is that all the hard work starts now. There’s so much to do before you can even start your business, so you’ll need to plan, plan, plan. Here, we take a look at 5 things you need before you can set up your business.

  1. A Name/ Branding

Before you set up your company and try to sell your products, you’ll need to come up with a name. This seems simple but it’s worth investing some time in to make sure that you get it right. Remember that you can’t have the name of another company, so check the Companies House register to avoid this.

Your name should match your company’s ambitions and really spell out what you look to do. This way, you should be easy to find when people are looking for you.

2. Social Media

Social media is also essential if you’re looking to get your business ‘out there’. Social media essentially represents free advertising space, so you’d be a fool not to use it. Facebook and Twitter accounts are essential for marketing and customer relations, so get yours set up before your business launches.

3. Premises

Decide where you’d like to base yourself. Most start-ups launch from homes to begin with until they’re ‘off the ground’. However, there’s no set rule for this and, if you’d rather rent somewhere, then you can find the perfect premises quickly and effectively online. Just be aware of the cost implications involved.

4. The Correct Tech

Having the correct technology installed is essential. Without the correct tech, you’ll be unable to fulfil customer orders, correctly track customer complaints and will be unable to process orders correctly. Proper servers like the ones offered by Pinnacle Data are perfect for this. If you’re looking to save money, make sure it’s not on tech. It’s essential for 21st century businesses.

5. A Vision

Finally, sit down and write down your vision. When you first get started, times will be hard, and it’s important that you remember to keep on going. Additionally, not only is articulating a vision good for yourself, but it’s good for your customers and potential customers too, because they can learn about the company they’re buying from.

Once all 5 of these are in place, you’re ready to launch. There’s a lot of hard work to be done, but set your sights realistically and follow your business plan and you should be just fine.

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