Starting Your Own Business Article

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Starting Your Own Business Article
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Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Wed Feb 08, 06 4:38 pm Post subject: Starting Your Own Business Article
This article is now under construction To make it as relevant as possible to everyone who's interested, it would be good to have input from you on any burning issues you'd like covered. Perhaps things like: VAT Who you need to contact on starting up Should I be a limited company? Thanks Penny xx

bernie-woman

Joined: 28 Oct 2004
Posts: 7824
Location: shropshire

Posted: Wed Feb 08, 06 4:41 pm Post subject:
Would/could it include a bit about iidentifying whether you have a viable business plan - i.e market research

Blue Peter

Joined: 21 Mar 2005
Posts: 2400
Location: Milton Keynes

Posted: Wed Feb 08, 06 4:48 pm Post subject: Re: Starting Your Own Business Article

Penny wrote:

This article is now under construction

To make it as relevant as possible to everyone who's interested, it would be good to have input from you on any burning issues you'd like covered. Perhaps things like:

VAT

Who you need to contact on starting up
Should I be a limited company?

Thanks

Penny
xx

I'll look forward to it. Will it cover things such as book-keeping, accounting, tax (as in what one could reasonably expect to do oneself, and what one has to get done and how much it costs, etc.)?

Peter.

Rï¿½isï¿½n

Joined: 30 Jul 2005
Posts: 578

Posted: Wed Feb 08, 06 4:53 pm Post subject:
I'm looking forward to this! Could it maybe point out which bits are region-specific? ie the tax details and legal stuff maybe.

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Wed Feb 08, 06 4:55 pm Post subject:
Yes to Burnie, and yes to BP too The bit about costs especially, that's not something you usually find in business books - my sister is an accountant technician, so I'll get lots of info from her on that!

Gervase

Joined: 17 Nov 2004
Posts: 8655

Posted: Wed Feb 08, 06 5:03 pm Post subject:
Mioght be worth mentioning LLPs - Limited Liability Partnerships - which are fairly new but offer the advantages of a limited company with the scale of a partnership. We've set one up and it does seem more manageable and require less paperwork.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Fri Feb 10, 06 6:52 pm Post subject:
How to keep records, what you need to keep and how much work is involved in running a company (i.e. paperwork etc) would be helpful. Are there any alternatives? I'll not ask about section 660. I think this would be a different topic, but does anyone know about co-ops? I've seem some wood producers cooperatives and I wonder if each person needs to do all the paper work or if the group does it.

Debbie

Joined: 04 Dec 2004
Posts: 160
Location: Exmoor Devon

Posted: Fri Feb 17, 06 8:13 pm Post subject:
looking forward to this one Penny particularly as it is so relevant to us at the moment! Any info on registering voluntarily for VAT and its implications would be excellent especially as VAT on food is not chargable at the moment so could be a good way for us to claim back some of the costs incurred with setting up a new smallholding enterprise.

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Fri Feb 17, 06 8:20 pm Post subject:
It's on its way, had problems with no ms office on my computer . Turning into a bit of a book so Bugs' editing skills may be called on.....

tahir

Joined: 28 Oct 2004
Posts: 45698
Location: Essex

Posted: Fri Feb 17, 06 9:57 pm Post subject:

Penny wrote:

It's on its way, had problems with no ms office on my computer

. Turning into a bit of a book

so Bugs' editing skills may be called on.....

That's no bad thing. Word formats things really badly as far as we're concerned. Notepad or some such is just fine

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Sat Feb 18, 06 11:21 am Post subject:
If it's growing, perhaps you could serialize it? (doesn't that sound awfully grand!)

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Sat Feb 18, 06 11:26 am Post subject:
Oooooo - that does sound grand!! It does split into parts quite nicely, so happy to do that if people would like??

Bernie66

Joined: 14 Jan 2005
Posts: 13967
Location: Eastoft

Posted: Sat Feb 18, 06 8:23 pm Post subject:

Penny wrote:

Oooooo - that does sound grand!!

It does split into parts quite nicely, so happy to do that if people would like??

Yes, that sounds best for us simple people as well who only grasp concepts in small doses

Bugs

Joined: 28 Oct 2004
Posts: 10744

Posted: Sat Feb 18, 06 8:27 pm Post subject:
Sorry Penny (and WW and B66) I didn't see this; serialising sounds grand in every sense of the word and most importantly means you needn't overstretch yourself, remember you're only doing it out of the goodness of your heart and it should be reasonably fun and not too much of a trial to do

Bernie66

Joined: 14 Jan 2005
Posts: 13967
Location: Eastoft

Posted: Sat Feb 18, 06 8:28 pm Post subject:

Bugs wrote:

Sorry Penny (and WW and B66) I didn't see this; serialising sounds grand in every sense of the word and most importantly means you needn't overstretch yourself, remember you're only doing it out of the goodness of your heart and it should be reasonably fun and not too much of a trial to do

Are you feeling ok?

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