2015 is the best year in recent memory to launch a new business concept. The state of the global economy has improved, and it’s easier than ever before to gain investment.
The information on this page should leave you with no doubts about timing. As far as we’re concerned, any hesitation could hinder your prospects.
It’s impossible to say what the situation will be like in six months time. That means you need to act fast and capitalise on the current situation.
Getting investment is easy
High street banks are now more inclined to lend to new businesses. You just need a plan that highlight all the benefits of getting involved.
You could create it yourself or pay a specialist to handle the task. Make sure the plan contains information about your start-up budget needs.
It’s also wise to include a good growth strategy. Presuming you don’t get investment from the bank, all is not lost. EIS funds are readily available thanks to the government’s Enterprise Investment Scheme.
You can research that topic now to see if the scheme is suitable for your situation. In truth, it benefits most new companies.
Lots of people want a new job
Finding good workers is difficult when people love their jobs. You are usually confined to those who are unemployed in that situation.
In most instances, there is a reason those people are not working for another company. So, you should try to avoid employing people from the Jobcentre at all costs.
You need enthusiastic professionals with the right skills and qualifications. Luckily, there are lots of them around at the current time. You just need to advertise on industry-related job boards.
No business rates
The government is not currently charging business rates to small companies just starting out. That means you can rent premises for much less than you otherwise would have done.
Those of you who want to avoid business rates in the future will need to base your operation at home. That way, you won’t become exposed to the fees, and you can save a lot of money.
However, there are no plans to re-apply business rates during the next twelve months. That is another reason you need to act fast.
Less competition
Due to the global financial downturn, most people have refrained from starting companies. That means there is a lack of competition in some marketplaces at the moment.
You should use that fact to your advantage. It will allow you to charge more for your products and make a killing.
You will have to reassess everything once the markets have become a little more vibrant.
However, you now have a fantastic opportunity to charge a premium for all services or products you provide.
Advice is readily available
There are lots of people you can contact for business advice. In most instances, companies have to pay a private specialist to get the help they need.
However, bank managers aren’t as busy as they once were. That means you can get lots of free guidance from someone with a vested interest in your company.
So long as you have obtained investment from the bank, they will be more than happy to lend a hand.
That isn’t always the case during busy periods when business managers are rushed off their feet.
You could turn your life around
Turning your life around is possible when you start a business at any time. Even so, the ease with which you can get things underway today is a major advantage.
In a few months, you could take a wage from the company and control everything. That means you can determine your working hours, holiday entitlement, and more.
You’ll never have to answer to anyone else, and you could make a fortune. If you are the only shareholder, all the profit in the business is yours too.
So, you can draw cash at regular intervals and pay for the finer things in life.
The business world is exciting
Most people never feel excited when working in traditional jobs. That is because it doesn’t make a difference to them if the company succeeds or not.
They are paid a standard wage regardless of the level of effort they exert. You are in a much better position because you own the company.
That means you should wake up in the morning very feeling excited about your day.
Starting a business before the end of the year is the best thing you can do. All your other problems should begin to get better when you make a profit.
You’ll never have to worry about debt collectors again, and your family will experience an improved quality of life.
Maybe you’ve wanted to buy a new house with a lot more space?
That is feasible if you register your company now and keep working towards your goals.
Good luck!
