Starting your own business

About us Business Structures Business Plans Business Finance Flexible Business Loans Small Business Marketing Start an Internet Business Home Based Business Company Formation Accounting and Bookkeeping Business Zone Business Dictionary
Latest News : Working life: Homegrown reputation boosts business start-up - Times & Star      Spicerhaart boss: Why I'm predicting 2500 branch closures in biggest shake-up we will ever see - Property Industry Eye      Bounties Network co-founder Simona Pop: Be a human-centric product shipping machine - Decrypt Media      Free business support and advice helps Norfolk crochet enthusiast turn hobby into a career | Latest Norfolk and Suffolk Business News - Eastern Daily Press      Singer Dua Lipa meets young refugees in Lebanon - The Wiltshire Gazette and Herald      

Business Appraisals and Assessments

 

The Need for Constant Review, Assessment and Appraisal

Every individual who is considering starting a business should regularly carry out a business appraisal and assessment on everything from their ideas to the manner in which they are planning to trade and gain customers.

The old saying “if you don’t, then someone else will” is only too true as regards to testing an ambition to setup on a self-employed basis. It might be a friend or family member who after listening to your idea with great interest finally steps up to say “your idea will not work!”

If that does not happen it may be the bank and other financiers who, after their assessing and appraising, deliver the bad news (although their language may be different).

The result in either case can be a huge deflator to the aspirations of the individual and it is far better to hear it sooner when corrective action can be taken rather than later when wholesale change may seem insurmountable.

 
Email This Page  Print This Page


 
 
Site Search
Take the 6 question quiz and test your knowledge on matters relating to starting your own business
1. In marketing, the 4 Ps stand for
 
Product, prudence, place and promotion
Product, place, prudence and price
Price, promotion, product and place
  
Submit
 
Single Question Survey
Did you know that company formations can be carried out entirely online without any need for paper or written signatures?
 
Yes
No
  
Submit