Support for women in business - Prowess



right0Set up your business – ChecklistFor full details see our step by step guide. This is the checklist and action plan to support the guide. We’ve included some useful links to some essential and other recommended services.Things you must doActions/ deadlineDoneContact HMRC to register as self-employed. Link: HMRC working for yourselfSort out required insurances. Link: Small business insurers: Axa quote wizard; Simply BusinessIf relevant, register as a Limited Company with Companies House. Link: Companies HouseRegister for VAT if turnover is expected to exceed ?85,000. Link: HMRCChoose a business name. Buy the website domain name. Link: Domain checkSet up a business bank account if you are setting up a Company. This is optional if you are operating as a sole trader – but you must keep clear accounts. Do a compliance check on your business, to ensure that you satisfy all regulatory issues eg. health & safety, licensing, data protection. Link: Compliance check from Gov.ukAppoint an accountant or set-up your own simple book-keeping system. Links: Crunch Accounting ; Quickbooks online accounting softwareThings you should do Actions/ deadlineDoneWrite a business plan, including a marketing and sales strategy and financials.Link: Business Plan template As part of the business plan, start a Cash flow forecast and update it regularly. Link: Cashflow template and tutorial.Keep costs as low as possible until your business model is established and you are making good sales. Link: Tips for starting up with little or no money.Start Up Loans if you need funding.Sort out your work space or premises. Link: Home business guide; Business RatesGet your business kit in order, including IT equipment and furniture. Organise communications, including phones, email and any relevant social networking.Get your business image in order. Develop a brand identity, set-up a website and order business stationery. Links: Template websites; Logo design; Website hostingGet your support in order. Don’t employ others until you really must.Links: Fiverr for freelancer support; Meetup for networking; National Enterprise Network for advice. ................
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