Success in business depends on many factors, but making the right start is often among the most important.

Hayers have many year's experience of offering advice and structured guidance to businesses in their infancy and those thinking of starting in business.

One of the greatest worries when starting a new business is the risk of it failing after you have put considerable effort and finance into the venture. Investing time in making the correct decisions and thinking through your plans will help minimise this risk.

Hayers are able to offer experienced advice on all the initial considerations which must be undertaken before embarking on a new business adventure, these include:

The business plan - a business plan sets out the details of your project and how you are going to make it work. You will need help from your accountant in preparing the plan, but it is essential that you are fully involved.

Type of business structure - apart from deciding on how you wish your business to operate, you also need to consider what form you want it to take. There are four main business structures available to you - sole trader, partnership, limited partnership (LLP) and limited company (Ltd/Plc). Hayers offer advice on which structure best suits your business.

Raising Finance - guidance on the best way to raise finance to ensure that you have sufficient funds to finance the establishment and initial period of your business venture.

Taxation - helping you to consider the tax implications of your business activities.

Employing others - advice on PAYE and National Insurance

Hayers experience in offering advice in all of these areas stretches back over very many years.

For more specific analysis of your new business ideas please get in touch with Jon Rish S Hayer FCCA to arrange a Free Initial Consultation on 0121 200 0820 or email at info@theaccountant4u.com where we could discuss in greater detail your new business requirements.