Off to a flyer

"What you have to do and the way you have to do it is incredibly simple. Whether you are willing to do it is another matter."        (Peter Drucker) 

"Vision is not enough; it must be combined with venture. It is not enough to stare up the steps, we must step up the stairs"      (Vaclav Havel)

Some people might be surprised that you're starting a business during a recession. But they shouldn't be. Certain business sectors experience an increase in sales and profits during an economic downturn. So, whilst the demand for luxury goods is likely to fall, that for 'no frills' alternative products tends to rise.

If you've recently been made redundant, you might see starting your own business as an alternative to looking for another job. TV shows like The Apprentice and Dragons Den have recently glamorised business and whetted the appetites of many would-be entrepreneurs. The current economic crisis and the job losses that are resulting from it could see a whole new wave of small businesses starting up, which is great. Every cloud has a silver lining.

David has helped many entrepreneurs make sure they get off to a flying start in business. Even before starting his accountancy practice, David was delivering training for the Ministry of Defence aimed at preparing officers for setting up in business once they entered civilian life.

There are so many books available nowadays telling you how to start a business and so many online resources for start ups. So much so that it's actually more daunting than ever, because there is seemingly so much to remember! David's value is in cutting through that minefield of information and showing you what's relevant to you.

Just the tax issues alone require skill and judgement in order to optimise your position. There is no "single best way" to structure your new business for tax purposes as it depends on your circumstances. Setting up a meeting with David before launching your business is strongly advised, as it will almost certainly be impossible to untangle any poorly-advised decisions at a later date.

So, don't leave it until it's too late to take advice. David will be delighted to hear from you and to arrange a no-obligation meeting at a time to suit you. Give him a call on 0161 266 1036. He can also advise you on raising finance for your new business venture and, where necessary, put you in touch with all the right people. If you prefer to email David, just drop him a line at david@davidelliottassociates.co.uk