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 : New online platform offers help in starting a business - Kyiv Post      The 6 things to find when starting a business | Startups.co.uk - Startups.co.uk      Starting a business in your 50s is easier than you think - Startups.co.uk      Today's Event Briefs: Library business start-up workshop Thursday ... - Kenosha News      How to Start a Business With Your BFF - Business News Daily      

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. Which type of business entity typically provides limited liability?
 
Partnership
Sole trader
Company
  
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