Everyone has heard of how bad the economy is right now. A guide to conducting market research can be found on our sister site, It’s also a good idea to consider an exit strategy as you compile your business plan. The act of writing down what you want to do, and how you intend to do it, is a key starting point to achieving your business goals.
You do not want to be left with liability issues, debt problems, or unnecessary obligations, and what kind of legal entity you are will also determine the tax strategy that the government applies to your business. Consider: placing products low on shelves will mean that people are unlikely to see them and therefore unlikely to buy them, whereas placing them at eye-level will mean they’re seen first and are therefore probably more likely to be purchased.
When running a business, know when you need to engage an accountant , lawyer, insurance agent, marketing specialist , web page designer, or other professional. After 30+ years of opening new businesses and analyzing existing businesses, I’ve put together a practical guide for the beginning steps to starting a small business.
In this post, here are few validated business ideas you can start with almost no capital. Due to the European Single Market you can freely import and export goods and services throughout the entire EU. Next to that, the location of the Netherlands has proven to be a huge advantage for purely logistical reasons.
It is relatively simple to set up as a sole trader but if your business fails, your personal assets could be used to pay your creditors. If you’re starting a business in New Zealand or working for yourself, here are things you can do up-front that will safeguard your investment in the future.