Starting a new business can be exciting and challenging at the same time. You need to research the market, analyse your competitors, raise finance, establish networks, find a location, set up office, recruit staffs and the list is endless.
There are three common ways to start a business. These are:
Irrespective of whatever options you choose, you need to follow the series of steps before your new business can stand on its own feet.
We have laid out 10 step process that is generally applicable for any start up business:
At Lotus Smart, our team of Accountants are specialist in business start-up advice. Whether you are buying an existing business, buying a franchisee or starting from the scratch, we can guide you through the steps in starting your new business.