Start ups

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When you are starting a business there’s a lot to get right, and you will inevitably get some things wrong along the way. Who is your target market, how do you write a business plan, how will you get paid for what you do, do you need staff, how will you fund your venture, will you quit your job straight away or develop a side hustle, should you register for VAT… the list is long but you are filled with drive and enthusiasm that will get things done.

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Most importantly and often overlooked because it is unthinkable at this stage - what is your way out if it fails? Should you set up as a limited company, a sole trader or a partnership?. And what is your exit strategy if it succeeds? Do you want to keep doing this for the rest of your life?

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Roger Clough has had a number of businesses before becoming an AAT Licensed Accountant, so is well equipped to help you set things up the best that you can. Roger’s first business was a student café that he ran for four years, first as a sole trader then as a limited company. A contract catering business was incorporated when Roger gained a contract to supply lunches to the court coverers working at the Wimbledon Tennis Championships, which he also did for four years. Next Roger went all in and opened a Domino’s Pizza franchise as a sole trader, a second Domino’s franchise, and then Roger also had a share in a rather upmarket coffee shop partnership that started brilliantly but ended terribly. Followed up by a move into stuffed toy manufacturing and international sourcing of products. Book your free half hour business start up workshop with Roger here.